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3 April 2024 | 3 replies
So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.
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1 April 2024 | 13 replies
Winston's largest employer is Wake Forest Baptist Health Medical Center, which employs over 11,000 people.
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2 April 2024 | 1 reply
They're aiming to make things more transparent and fair, but as you can imagine, there's a mix of challenges and opportunities coming our way.One of the big talks is about the potential shift away from MLS listings.
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4 April 2024 | 42 replies
It sounds like it is so far outside your experience that you can't even imagine it.
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3 April 2024 | 17 replies
Can you imagine a month from now after breaking up with this company you haven’t found a suitable tenant?
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2 April 2024 | 0 replies
There’s much to share and learn from each other, from navigating airspace to assessing investment landscapes.Networking with a Twist: Imagine the networking possibilities that combine our twin passions.
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2 April 2024 | 3 replies
After playing around with the rental for about six months, we found the sweet spot and it now makes more than I could've imagined.
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2 April 2024 | 9 replies
I imagine "Loan Origination" and anything paid to the bank itself can be negotiated but I am being quoted different amounts and line items are labeled differently in each quote (e.g.
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2 April 2024 | 7 replies
I imagine that a 3 day minimum for a Saturday would eliminate weekend splitting almost all of the time, aside from the odd Saturday through Tuesday booking.
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1 April 2024 | 3 replies
I imagine there are rules around that in your area.