All Forum Posts by: Bill Briscoe
Bill Briscoe has started 28 posts and replied 160 times.
Post: Problem with Forums

- Accountant
- Thornton, CO
- Posts 170
- Votes 33
I'm losing all formatting in my posts and can't reply - it says my replies are too short and must be 3 characters, then deletes what I typed.
Help????
Post: Meals Tax deductions at 50% or 100%

- Accountant
- Thornton, CO
- Posts 170
- Votes 33
Which deduction do most rehabbers use when providing water, snacks, pizza, beer, etc for their work crews (family, friends, etc) on the jobsite?
I had always used the 50% deduction in other businesses, but according to this site, it looks like jobsite food/beverages can be 100% deductable:
http://www.taxalmanac.org/index.php/Meals
"100% DEDUCTIBLE Office Snacks - coffee, soft drinks, bottled water, donuts, and similar snacks or beverages provided to employees on the business premises. "
and "Meals provided on the employer's premises to more than half of the employees for the convenience of the employer. Translation: if you are providing meals to the employees in order to keep them working late, working weekends, or being on call, it is for your convenience to have them at work and the meal is a means of enticement. "
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Would you enter this under the meals deductions or under Office Expense or Supplies?
Post: Deducting Rehab Costs

- Accountant
- Thornton, CO
- Posts 170
- Votes 33
Originally posted by Bill Walston:
OK, that makes sense, but what falls under operating expenses? Obviously the formation of my LLC is not capitalized. What about milage to and from the property for repair work? Also, what about utilities, prop taxes, insurance and interest payments during the rehab period. Aren't all those still operating expenses even before the property is rent ready?
Post: Magic colors?

- Accountant
- Thornton, CO
- Posts 170
- Votes 33
Originally posted by Joe Kato:
I tried to use the basic $50 Wagner sprayer on a pantry but it jammed every 5 seconds - had to take it apart, wash, then start again. I didn't get 10 sq ft painted before I gave up. Total garbage.
My wife went back with a brush and it took her a day and a half - shelves are the devil to paint without a good sprayer.
I'm looking at buying a $370 Graco X7 from HD. It "should" handle the inside and exterior of my project quite well.
Post: Magic colors?

- Accountant
- Thornton, CO
- Posts 170
- Votes 33
Originally posted by Brandon Krieg:
Depending on budget, I might also recommend a nice window trim and a faux drop ceiling to boot. We've gotten good responses from these very easy fixes.
Could you post some pictures of what you are talking about ?
Post: Magic colors?

- Accountant
- Thornton, CO
- Posts 170
- Votes 33
Originally posted by Jeremy VanBussum:
I've looked there and I've only found unmatched sets of Sladge/Quikset or single pieces or glass/decorative doorknobs from the 19th century for "bargain antique" prices. No big lots of surplus brushed nickel. The Definance brand however, seems to be a pretty good deal - about $10-11 per knob set and $30 for a 4 piece/2 door entry/deadbolt combo.
But if you have any online links to what I'm looking for, please post away.
Post: Magic colors?

- Accountant
- Thornton, CO
- Posts 170
- Votes 33
Thanks,
Also, how many gallons should I expect to use to paint trim in a 3 bed, 1700 sq ft house? Baseboards and door trim only?
Post: Magic colors?

- Accountant
- Thornton, CO
- Posts 170
- Votes 33
I'm doing my first investment rehab (I've worked on a couple houses while I've lived in them before, but nothing this extensive all at once). Just closed yesterday. This is a lower middle class but mostly tidy neighborhood, late 80's construction.
I'm aiming for modern but inexpensive finishings as we are on a fairly tight budget (most of it is going to AC/roof etc). What wall/trim paints, door hardware, fixtures, colors, etc would best fit that description?
Is there a Home Depot "white" that every one uses on trim? I'm thinking Defiant Satin Nickel doorknobs. Any other advice?
Post: Was told to paint trim but....

- Accountant
- Thornton, CO
- Posts 170
- Votes 33
How do you repair scratches and such on the brown stained trim? The paint lady at HD said you have to strip it, sand it down to bare wood, then restain from the ground up. Seems like a maintenance nightmare to me.
Post: Was told to paint trim but....

- Accountant
- Thornton, CO
- Posts 170
- Votes 33
How much are we talking?
I'm planning to paint my house myself. I'm thinking the labor cost saved could justify a $360 airless sprayer from HD. Are those easy to get used to ?