In 2018, California has experienced the most destructive wildfire season on record, Mashvisor reports. The recent Carr Fire, Mendocino Complex Fire, Woolsey Fire and Camp Fire burned a collective 1,665,746 acres, according to the California Department of Forestry and Fire Protection. That’s the largest amount of burned acreage recorded during a fire season. No matter the degree of damage, wildfires like these contribute to decreased property values due to the destruction of infrastructure and the reduced quality of life. Fires leave destruction in their wake, reconstruction becomes noisy and intrusive, …

Airbnb’s new initiative, called Airbnb Backyard, will begin testing prefabricated Accessory Dwelling Units (ADUs). These are small cottages that sit behind large houses and are a popular rental on Airbnb. However, Airbnb wants to take that concept a few steps further, by creating homes that are already prepared for hosting guests. Forbes reports that the new venture could also operate as both a producer and a marketplace for selling major aspects of the home. The project is being developed by Airbnb’s product development team, Samara. The properties will be built …

According to the IRS, An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury through his/her delegation of authority to the Internal Revenue Service. These zones were created relatively recently, by the Tax Cuts and Jobs Act on December 22, 2017, and now cover all 50 states. The intended benefit: to …

Crowdfunding has become the great equalizer; opening up the opportunity for smaller investors to get a piece of real estate without regard to location or degree of wealth. Crowdfunding has grown by leaps and bounds thanks to advances in technology and changes in the law (the passing of Title IV of the JOBS Act that gives more power to the non-accredited investor). With crowdfunding, money can be raised not only through friends and family but through Internet platforms and social media. Before 2015, an investor’s net worth or annual income …