Capital gains tax is a levy assessed on the positive difference between the sale price of the asset and its original purchase price. Long-term capital gains tax is a levy on the profits from the sale of assets held for more than a year. The rates are 0%, 15%, or 20%, depending on your tax bracket. Short-term capital gains tax applies to assets held for a year or less, and is taxed as ordinary income.
We are so excited to have Jenn McMurray of Bachelorette Pad Flip on the podcast today!
Jenn is the owner of Bachelorette Pad Flip and is a real estate broker in Arkansas by day and real estate investor by night! Jenn got in to the house flipping business to pay off her $70K student loans and successfully accomplished this after 5 years. Since then she has continued to grow her wealth through a total of 8 flips and 2 Airbnb properties.
Comparables or “comps”: Comps are sales records of recently sold homes. Appraisers and real estate agents use them to get the most accurate estimate possible of a home’s value.
HOW TO FIND COMPS:
Find homes that are just sold or recently sold on Zillow or Realtor.com - First look for the last 180 days - if you can find 3-4 similar homes that is great. If there aren’t great comps then change it to 360 days
Today is a big milestone for our podcast - we have our first guest! Deb Unverferth is an insanely talented gardener and is sharing her tips for planning your flower beds as we head into the Spring season.
On today’s episode, Chris interviews me as we look back on my first year as an entrepreneur. One year ago I left my corporate job and have been through lots of twists and turns to get me to where I am today and we are looking forward to seeing what this year holds for us!
On todays podcast we are talking about how we completed three house flips in Denver while working full time jobs and raising our two kids.
The key to our success was by focusing on "bite sized" projects each week and working our way through the home. We will take you through three of these "bite sized" projects that we completed in Denver.
Chris and I recap our week in renovations and end the podcast with each of our tips of the week!
What drew us to this house was the location. It is located in an area with lower taxes but falls within an above average school district (Sylvania). It is a 3 bedroom Cape style house with 1,300 square feet and a large backyard - the perfect house for a family.
If you are like me, the idea of paying for college in 10-15 years is a little overwhelming. Kids are expensive RIGHT NOW, so thinking about their price tags in 15 years is enough to give most parents heart palpitations. It’s not getting any cheaper to attend a university and Chris and I want to help out our kids as much as we can once the time comes.
I know learning a new platform can be challenging, but Instagram is by far my favorite social media platform. You get to scroll through beautiful photos and engage with an awesome community every day that is often outside of your inner circle. I follow tons of design accounts, small businesses and all of my favorite brands.
SO…if you are new to this Instagram game, have no fear! I have created this post to help you learn the basics to become a pro in no time.
I have been intrigued by Airbnb for some time now and would love to become a host in the near future. For me, I prefer Airbnb’s to hotels whenever possible. They are often more affordable for the amenities you receive and it gives you a sense of community and culture that is often missing when you book with a hotel chain..
Luckily for me, I have a few friends who are well versed on the subject and were happy to share their wealth of knowledge! I interviewed two super hosts and have compiled each couples 5 key tips when starting your airbnb business.
Today I am taking your through my top 10 tips for updating your exterior and improving your curb appeal. For all three of our home flips, we did major work on the exterior of the home. The most effective updates were inexpensive and brought our homes into the modern era.
Every time I sell one of our homes I take time to create a Homeowner's Manual to be displayed at the open house. Once the home is sold I leave this binder with the homeowner to reference once they move in. This manual is always a hit with the real estate agent and potential homeowners.
This manual gives you a chance to highlight all of the great features of your home that may go unnoticed in an open house and to address any potential concerns a buyer may have. This binder shows that this home was loved and taken care of, which all home buyers want!
Today am excited to share with you the beautiful home of Debbie Jacoby. Along with being my fun and sassy aunt, Debbie is also an interior decorator with tons of amazing tips on how to decorate and stage your home.
I am SO excited that I can finally share the big plans I have in store for Building Bluebird!
Chris and I have made the decision to move our family home to Toledo once we sell our home in April where I can fully focus on my passion of home renovation and real estate. This was not an easy decision by any means but we know it is best for our family and are excited to begin this next big adventure.