Steven Granger
Saint hello to all. New to the forums
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.
Julie Muse
Morgan St Transformation: Major Reno Brings Big Profit in Waynesville!
18 October 2024 | 1 reply
These improvements included updating essential systems, modernizing the interior, and enhancing curb appeal, all of which dramatically increased the home’s market value and buyer appeal.
Edward Heavrin
Paying off a rental aggressively. Pros & Cons?
20 October 2024 | 84 replies
High leverage enables rapid growth, no leverage is safe and enables peaceful sleep.
Manuela Tavares
New in this community
16 October 2024 | 7 replies
I'm here to learn and enhance my skills for better real estate deals and flipping houses.
Luis Palacios
Seeking Advice on Boosting STR Occupancy and Revenue in Downtown Miami
16 October 2024 | 10 replies
Enhancing your current property can often give a higher ROI than purchasing a new one.
Brett Jurgens
Make deals pencil by making SFRs sustainable – $200 in additional NOI / month
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.
Brad Neihardt
Deprecation question for BRRR
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.
Michael Dallas
Looking to Become an Agent After College
18 October 2024 | 7 replies
Income fluctuates tremendously in most 1099 real estate occupations (being a Realtor included) so having that put away will be vital to your comfort and peace of mind as you get started.(1) figure out how your minimum monthly income needs (this may change as you move to a different city and get out of college life, so estimates are fine for now)(2) cut out everything extra until you've put away 6 months reserves(3) live way below your means so you have extra money to save and investGood luck and congratulations!
Cameron Moore
When to Move Your Insurance Portfolio from Multiple Carriers to a Program/schedule?
17 October 2024 | 1 reply
With the right planning, you can create a seamless transition that provides the best possible coverage and peace of mind for your business.
Tim Porsche
When and How Much to Lower Price on Flip
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).