Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
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,

User Stats

107
Posts
14
Votes
John G.
  • New to Real Estate
  • the US of A
14
Votes |
107
Posts

CapEx before purchase?

John G.
  • New to Real Estate
  • the US of A
Posted
Ok. I'm slowly approaching close date on a turnkey property. Price was $91,519. Bank appraisal came it at $98,000. Looks like I got a good deal. My question is, while it's being rehabbed, I was considering having them re-pour the cement in the back driveway area and parking area next to it. It's cracked and weeds are growing out between the seams. Nothing major. They got bids and one came it at $9,000. Should I have them fix this? I read I could only deduct $2,500 if this. True? Would I force appreciation with this repair? Or does forced appreciation come only with improvements? Or should I save that $9,000 to put toward my next deal? Would this work justify a slightly higher rent?

Loading replies...