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9 October 2024 | 1 reply
Replaced carpet, textured walls and painted.
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11 October 2024 | 1 reply
Clean up your credit and save for a down payment.
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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9 October 2024 | 28 replies
Learn how to clean the hot tub.
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21 October 2024 | 176 replies
I remember going to conferences in 2016-2018 and everyone was saying hold your cash there is going to be this huge dip and you can clean up..
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18 October 2024 | 37 replies
I've heard of mentees who started cleaning up construction areas on a flip at the end of each work day or picking up supplies at Home Depot and delivering them to the job site.
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4 October 2024 | 8 replies
So it sounds like you should lower your cleaning fee $30?
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9 October 2024 | 4 replies
I got a $75 fine and need to clean up within 2 weeks.
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8 October 2024 | 15 replies
My cleaner's always clean on checkout day.I don't want trash sitting there as my cleaner's take the trash.