What are ADUs and what impact have they had on homeowners?

ADUs- Accessory Dwelling Units are on the rise and have played an important role in addressing access to affordable housing for many families. In California, regulators see the construction of ADUs as a possible solution to the housing crisis …

Who is a mentor?

A mentor in real estate offers advice and coaching as you begin your career in the real estate industry. Mentoring can be a tough job and it requires the mentee and the mentor to establish mutual respect between each other and to have goals that align …

What is the gift-tax exemption?

The estate tax exemption refers to the amount below which your estate is not subjected to any federal taxes when you pass away. This is likely to change and is expected to increase this year- 2021. 

The federal estate tax exemption for 2021 …

2022 Proposed/ Potential Tax Changes for Property Investors

Currently, the taxes are at one of the lowest points historically. There is only one direction for tax rates to go- up! By the end of the year, we will have a little more clarity on the direction of the taxes and …

What does Biden want to change with regards to inheritance taxes?

Normally, what happens when someone passes away and all the assets that person owns are above a certain dollar threshold the estate pays tax on that before it gets passed on to the heirs. 

Repealing step-up basis would …

How did we find the seller?

The seller was on the market back in 2018 but wasn’t able to sell his property at that time with the listing price that he had put the property at initially. I reached out to him as a licensed real estate agent, to see …

How do you estimate flooring on a flip?

Flooring is one of the most important parts of a house flip operation. Whether you are thinking of replacing or repairing the flooring of your flip project, you need to, first of all, see what kind of flooring there are in the …

How do you go about choosing the right contractor?

Before undertaking a home remodel project, home improvement, new construction, or renovation, it’s so important to pick the right contractor. Too many homeowners end up with stalled projects or work not done to the best quality because they did not spend …

What does an average home usually cost to renovate?

To determine the very exact price estimate or cost of renovating or flipping a property varies depending on the area, state, and obviously, how much work needs to be done on the home. 

 A breakdown of remodels can be …

What does DSCR stand for?

Debt Service Coverage Ratio is one of the ways lenders can evaluate whether you can repay a loan or not. Before calculating your DSCR, you need to have accurate information about your income and debts.

DSCR formula= Net operating income/ total debt service

What do …