Innovative Strategies
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Live in rehab and taxes
I just bought a home that needs some minor work and updating. Bought at $330k. Estimated $30k in updates, with and ARV of $420k.
The plan is to live in the home and rehab it over the next year with the plan to sell afterward. Just looking ahead and wondering if there’s any specific strategies regarding taxes or expenses that I should be aware of during the upcoming year?