MPS Realty

07/20/2024

Happy Birthday Mom!

12/13/2023

Small Business Owners beware!

Effective January 1st, 2024, you may be required to file your business and the owner with the FinCEN (Financial Criminal and Enforcement Network).

Why, small businesses are being targeted for money laundering actives and unreported income as well as unpaid taxes.

Any S-Corp, C-Corp, LLC's etc. (any company registered with the Secretary of State). must comply and register with FinCEN to avoid a $500 per day penalty until they are in compliance. There are exemptions to this for Non-profits and a few others. You must review the law to determine if your business qualifies.

Remember, this is for small businesses only, large companies do not have to register.

This is news to everyone! So, if you are already in business prior to 01/01/2024, you will have 12 months to comply. All new businesses after that date will have 30-90 days depending on their situation.

Also, audits have started as well. Make sure you have all your receipts ready to go and you have your milage logs in order. Milage logs must include, date, where you went, who you were with, what you discussed. If you do not have this, your milage will be thrown out and could cause you to pay more taxes.

Just a quick update that I wanted to give the heads up on.

06/19/2023

12/19/2021

Fixes on the outside of a home represent 11 of the 12 leading investments.

Whether you've just closed on your home, plan to sell, or intend to stay, here are improvements that yield high returns on your investment.

12/19/2021

When moving across the country, sometimes this is the only way.

Buying a home sight unseen might seem like a massive gamble. But if we've learned anything over the pandemic, people are willing to roll the dice to become homeowners. Here are some tips if you're ready to buy and don't need—or can't have—that in-person experience.

12/18/2021

Real estate investments do better than stocks, but you have to be prepared to do a lot more hands-on work.

Sure, you can be a landlord, but there are other ways to make money by investing in real estate that is less time-consuming.

12/15/2021

If you're in love with antique wood furniture, up-cycle your current pieces.

Want to make a piece of newer furniture look like an antique? This distressing technique will teach you how to age wood using paint and stain.

12/14/2021

Declutter your kitchen with these awesome buys.

Goodbye clutter, hello peace of mind!

12/13/2021

It takes a lot of experience to distinguish a house you can flip from one that's a flop. Make sure you know before you buy.

Sure, you can be a landlord, but there are other ways to make money by investing in real estate that is less time-consuming.

12/13/2021

If there's one thing the property brothers know, it's renovation tips.

Drew and Jonathan Scott, the identical twin stars of the “Property Brothers” franchise, have built a small empire convincing people to buy fixer uppers.

12/11/2021

Worried that 2008 will come again? Here is one reason the next correction might not be as bad.

The consensus is that the next time home prices fall, it won’t be like 2007-2012. No one, however, seems to be talking about what the next real estate correction or bust might actually look like. Let's see what we can learn by looking at what happened when real home prices fell in the early 1990s.

12/10/2021

Do you live in a medium-sized home you wish was large?

Interested in getting a little more breathing room? We broke down some of the typical costs associated with additions—and their return on investment.