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17 October 2024 | 4 replies
While I'm not certain about your current real estate objectives, I can assure you that this is an excellent platform to enhance your knowledge and connect with others in the field.
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16 October 2024 | 7 replies
I'm here to learn and enhance my skills for better real estate deals and flipping houses.
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16 October 2024 | 10 replies
Enhancing your current property can often give a higher ROI than purchasing a new one.
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20 October 2024 | 8 replies
**Marketing Enhancements:** - **Highlighting Key Features**: Ensure that your listing photos and description emphasize all the positive aspects of the home (recent renovation, location in the Poconos, proximity to amenities).
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16 October 2024 | 7 replies
The cost basis includes:Purchase Price: The amount you paid for the property.Renovation Costs: Add the cost of improvements and remodels that significantly enhance the property's value.Closing Costs: Certain closing costs related to acquiring the property (like title fees) can be added to the basis.You will then allocate the total cost basis between the land (which isn't depreciable) and the building (which is depreciable over 27.5 years for residential properties).If you're unsure about how to allocate between land and building, you can use the allocation percentage from your property tax records or get an appraisal.This post does not create a CPA-Client relationship.
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15 October 2024 | 8 replies
I'm trying to help other people understand that making their rentals sustainable could actually enhance their returns quite a bit, and help the planet.
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17 October 2024 | 4 replies
In situations where the county tax assessor’s land value is excessive, considering other options can yield significant permanent tax benefits that can be further enhanced by a cost segregation study.If you'd like to discuss this topic further, feel free to comment or DM.
14 October 2024 | 1 reply
Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.
13 October 2024 | 4 replies
I also suggest Michael Gerber's "The E-Myth Revisited" as well as his "E-Myth Real Estate Investor" collaboration with Than Merrill and Paul Esajian.Remember - 90% of this business is marketing so don't let all the other stuff, like obsessing over business cards, get in the way of that.Good luck!
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13 October 2024 | 19 replies
In other words, when purchasing they don't really consider my projections for the enhanced (very enhanced) cash flow from the furnished operation (although they understand this business and I provide detailed financial information to them).