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31 March 2024 | 3 replies
For example: If I bought a house for $200K, and the quote to construct the very same house in the same location is $300K, then the value of improvements should be considerably high ($200K) and the value of the land be considered negligible (closer to 0).Of course this helps depreciate more improvements in the life of the property, but I would like to hear your thoughts on whether this logic would hold up with IRS in the event of an audit.What do you think?
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1 April 2024 | 60 replies
The average S&P company returns closer to 6-10%.
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1 April 2024 | 15 replies
While being closer to the beach can be more desirable, the proximity to downtown is also appealing, and better prices per sqmt can be found.
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1 April 2024 | 48 replies
You will be closer to $90,000 if you do this the right way and I'm not talking about the ADU being included.
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3 April 2024 | 83 replies
He used a couple of different comps that were closer to the subject and his adjustments were more inline with what would be expected.I remember having several talks with him and one of the things he mentioned as well was that it quite common for appraisers to have differences in opinion on value.
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31 March 2024 | 7 replies
Don’t have but maybe 15-20k cash and need ideas for making an offer closer to asking.
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31 March 2024 | 50 replies
I recall a client early in my career who worked their neighborhood for cutting grass/washing trash cans who saved up $15k in a year from that alone.
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29 March 2024 | 4 replies
Might I say this...you can watch as much Youtube or read as many blog posts on here as you want, but that doesn't get you closer to your license.
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29 March 2024 | 12 replies
I would say the part closer to downtown is pretty rough.
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29 March 2024 | 3 replies
The better deal you find, the closer you can get to living completely free, or even cash flowing while you're living there.