Julio Gonzalez
When to Capitalize vs Expense
5 November 2024 | 0 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.
Renay Reese
Open Carry, Concealed carry or no carry while do business
19 November 2024 | 111 replies
Modern self-defense classes almost always begin by focusing on the importance of identifying and avoiding situations where you would ever need to employ the techniques being taught.
Collin Corrington
San Antonio 2025: The Alamo City's Tech-Driven Real Estate Renaissance
4 November 2024 | 1 reply
The influx of young tech professionals is driving demand for modern, amenity-rich apartments and smart homes.
Jamie Parker
Seller Financing into Long term debt service products
9 November 2024 | 21 replies
I would consider using a realtor if the property is 20,000 or more and yours meets that benchmark.
Account Closed
Wholesale Investment in a Single-Family Residence
3 November 2024 | 0 replies
(optional)Kitchen Remodel (2020): Updated countertops, cabinets, and installed new stainless steel appliances.Bathroom Renovation (2019): Added new tiles, modern fixtures, and a glass shower enclosure in the master bathroom.Finished Basement (2018): Added 600 sq. ft. of finished space, including a family room and home office.New Roof (2021): Replaced the entire roof with new shingles and added improved insulation.Landscaping (2022): Redesigned front and backyard with new plants, sod, and an outdoor seating area.Energy-Efficient Windows (2020): Installed energy-saving windows throughout the home.
Rochelle Gerber
Struggling to find decent hard money
1 November 2024 | 14 replies
You get the rehab money in the loan. 80% is a standard benchmark.
Marco Chaidez
ADU-Ready Flip in San Juan Capistrano: A Profitable Transformation
31 October 2024 | 0 replies
This fully renovated 4-bedroom, 3-bathroom home features high ceilings, modern finishes, and a downstairs bedroom for convenience.
Celia Moore
Anyone have a good web developer they use? Want website updated & optimized
30 October 2024 | 6 replies
Needs to be more inspiring and modern.
Colleen Sutherland
Introduction to the BP Community
4 November 2024 | 14 replies
To succeed in Cleveland's short-term rental market, research local regulations, analyze potential locations, find ideal properties, build a network, plan renovations, stay connected with BiggerPockets, focus on modern bathrooms, cozy outdoor spaces, and practical amenities.Good luck!
Peyman Ayoubi
What's the best decision in my situation?
3 November 2024 | 11 replies
In my opinion a half bath doesn't hold the value of a big modern kitchen.