Real Estate Digest

sanjonny asked: Two in one question. I am a real estate broker and I manage properties. In the process I have to do repairs on certain properties and have purchased hand tools for this purchase. I don’t want to have to capitalize and all that for a 3.99 screwdriver so how do I deduct [...]

dragonfly_3 asked: Buying or selling real estate, what has been your biggest mistake. Was it the agent you hired, doing rehab work that didn’t pay off, not hiring a good inspector, financing?
What do you wish you knew then that you know now and will apply to your next real estate transaction? Thanks!