Butler Evans Real Estate

Butler Evans Real Estate Commercial brokerage in Tuscaloosa, Alabama. Real estate counseling and advisory services state-wide

Accounting megafirm PwC sent 40,000 workers home to work from there, permanently. Others expected to follow suit. Inves...
10/01/2021

Accounting megafirm PwC sent 40,000 workers home to work from there, permanently. Others expected to follow suit. Investors and apartment builders: Buyers and tenants will need one extra bedroom, to use as home office. If possible, insulate all walls of smallest bedroom and install acoustic door, and use this as a selling point. It's useless having a dedicated home office if you and your customers or clients can hear everything going on in the rest of the house. HUGE competitive advantage if you make this a selling feature.

IRS proposes requirement that banks report to it all inflows and outflows from customer bank accounts, with breakdown as...
09/23/2021

IRS proposes requirement that banks report to it all inflows and outflows from customer bank accounts, with breakdown as to cash, foreign deposits and regular deposits, along with customer SSN or EIN. Accounts with numbers less than $600 per year are exempt. If you, like me, often transfer money between accounts, it presents a distorted view of cash inflows and makes you an audit target for possibly under-reporting income. Plus, that whole invasion of privacy thing! Contact members of Congress and Senators and tell them you want this KILLED. Please, please, please, share this with EVERYBODY.

Have you joined the BiggerPockets.com community? It is free. Real estate investors and related services (lenders, accou...
09/20/2021

Have you joined the BiggerPockets.com community? It is free. Real estate investors and related services (lenders, accountants, attorneys, etc) interact online by posting forum comments or questions or answering/commenting other people's posts. It's a great resource for online networking and education, buy/sell real estate, and find services providers. Do you know an accountant in your area that specializes in real estate investors? No? Guess what--your accountant can be in Seattle or Key West or anywhere! Find what you need at BiggerPockets.com
https://www.biggerpockets.com/

1031 Exchanges and Tax Law ChangesDon't be stampeded into selling property this year "while you can still take advantage...
09/17/2021

1031 Exchanges and Tax Law Changes
Don't be stampeded into selling property this year "while you can still take advantage of 1031 exchanges." The Treasury Department's Green Book of proposed changes merely seeks to limit 1031 sheltering to $500,000 per year for individuals, $1,000,000 for married persons. For most of you reading this, 1031 exchanges will be the same as before. Read more at link below.
https://www.squire.com/resources/blog/treasury-green-book-biden-proposed-tax-changes/

The word of the day is "forced appreciation."The idea is that you can increase value without major renovations. Small c...
09/10/2021

The word of the day is "forced appreciation."
The idea is that you can increase value without major renovations. Small changes to revenue with no corresponding increase in expenses makes money drop to the bottom line. Small changes in tenant quality and/or curb appeal can reduce the cap rate percentage. In a 10-unit apartment complex with rents at $800 per month, increasing rents $25 per month and reducing the cap rate from 8% to 7% will increase value by $154,286. To learn more useful math concepts, check out our class on Real Estate Math, a BARGAIN at only $69. Earns 3 hours CE credit, open to public.
https://www.butlerevanseducation.com/products/math

It's Product Review DayThis product is free, but SO incredibly useful. I'm talking about QR codes. They are free to cre...
09/09/2021

It's Product Review Day
This product is free, but SO incredibly useful. I'm talking about QR codes. They are free to create. One site is below, but there are many of them. A QR code can pop a webpage (more info about a listing or available rental, a tenant repair request form, etc) or an email screen auto filled with your email address (which lets you capture an email address) or a text message screen autofilled with your mobile number (which lets you capture a telephone number.) Use QR codes for everything. Print one out and tape it inside the cabinet door next to the refrigerator for rental units. QR codes will make your life easier, your customers, clients and tenants will be happier, and your sales will increase.
https://www.qr-code-generator.com/

Book ReviewToday is book review day, but I think I'm going to talk about a place to find good books, not a particular bo...
09/06/2021

Book Review
Today is book review day, but I think I'm going to talk about a place to find good books, not a particular book. This includes audio books and e-books.
Scribd.com is free for the first 30 days and $9.99 per month after that. Search on "real estate investing" or "real estate law." Don't try to find the BEST, pick ANYTHING and start learning or getting motivated or just brainstorming. They also have forms, class notes, tax lists, an incredible variety of resources.
A free service is Camellia Books, with registration usually through your local library. They also have audible and e-books.

Address

Tuscaloosa, AL
35405

Telephone

+12053103799

Website

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