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9 April 2021 | 5 replies
Your CPA will keep up with the depreciation schedule for the capitalized items: Roof is x years, while HVAC is y years, and hot water heater is z years.If you don't have a CPA, that is a good first place to start.
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12 April 2021 | 13 replies
Many millennials and Gen Z are getting in the househacking game and at the same time they tend to prefer scenarios where they do not have to interact with tenants.
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10 April 2021 | 1 reply
With a lower percentage of consumers stashing cash in March than the first two months of the year, the question of whether the end of the pandemic is in sight may be playing a role in how people are moving their money.But perhaps the horrors of last March — cue empty toilet paper aisle flashbacks — and fear of the unknown still to come inspired better savings habits than March 2020.More than 1,000 Americans are surveyed monthly for our Savings Index, and here’s what we learned this time around.Key findingsCash windfalls meet pandemic fatigueGen Z eyes the future, but lives in the nowMillennials want a house, while baby boomers want a housesitterMethodologyKey findingsWhile many consumers await tax refunds and economic impact payments, fewer saved money in March than in the first two months of 2021.
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24 April 2021 | 7 replies
.- Upgrade to a 2 year lease for $Z per month.I usually summarize this with something like "I'm up for whatever is best for you, so just let me know which of these works out best for you and I'll write it up!"
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24 April 2021 | 1 reply
Then be sure to put money back in so you are not needing to pull money from other places when x y or z happens.
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4 May 2021 | 21 replies
More importantly, understanding your long term goals, how to get from point A to your point Z, exit strategy for getting from the first property to the second one (super important so you don't get stuck), how to actually navigate building a portfolio, how to structure your loans for maximum benefit...dozens of next-level strategies and concepts that your basic order-taking loan officer just simply isn't equipped to do.This should be your very first step, it changes the game for how you analyze deals, and then you can have a focused approach to all of this.Best of luck!
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8 May 2021 | 4 replies
You can actually find all the code on municode.Once I've done all that, and I think I know what's allowed, then I'll call the city of San Antonio and try to speak with someone from P&Z.
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1 May 2021 | 2 replies
Wasn't aware that I could renegotiate the sales price on an accepted contract if after inspecting the house I decided I didn't like it for x, y or z reasons.
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8 May 2021 | 2 replies
If you are selling a residential property to an owner-occupant, you are subject to Dodd-Frank / CFPB / Regulation Z rules.
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14 March 2022 | 6 replies
I have skills in the accounting side of things, and skills for performing much of the remodeling work.As I see it, the one biggest skill gap I'm missing now is the ability to say "if I spend $30k doing [x, y, z remodels], the appraisal should go up by approximately [amount]."