Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply presented by

User Stats

55
Posts
14
Votes
Michael Zagorsky
  • West Melbourne, FL
14
Votes |
55
Posts

Rental to Personal Residence after failed rehab sale: Expenses?

Michael Zagorsky
  • West Melbourne, FL
Posted

We converted a personal residence into a rental seven years ago, our last tenant trashed it, we rehabbed it (repairs, paint, carpet) for about $8k but failed to sell it at an acceptable price.  At the time we did the rehab we had every intention of selling it, but a low appraisal killed the sale.  We are seriously thinking of moving into the property as our primary residence but I was unsure how we would treat the expenses that we incurred after the tenant moved and we tried to sell it but before we considered making it our primary residence.   Anyone know how these expenses would be treated?  

Loading replies...