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Updated about 5 years ago,

Samuel Connor payne's profile image
Samuel Connor payne's profile image
Samuel Connor payne
  • Member since Aug 21, 2019
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Samuel Connor payne's profile image
Samuel Connor payne's profile image
Samuel Connor payne
  • Member since Aug 21, 2019
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Samuel Connor payne
6
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17
Posts
Tax, SDIRAs & Cost Segregation

BRRR method and taxes

Samuel Connor payne
Posted

I purchased a property this year at 170k and put 30k of rehab into it. The new appraisal came in at 280k and I’m going to to have a new loan at 210k with the rest going to be a cash out refinance. My question is, is the 30k rehab able to be wrote of as an expense? Do i added the 70k as income?

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