All Forum Posts by: Jim Herbst

I purchased a new air conditioner for my primary residence in the summer of this year. In the fall of this year I purchased a new primary residence and began to rent out my old primary residence. Can I count the purchase of the air conditioner as a business expense even though at the time I was not renting the property? I obviously needed to fix the air conditioner prior to renting the property because central air would be considered a 'must-have' at the price point I was renting at. Any thoughts/comments would be greatly appreciated.

Thanks for the feedback everyone. @James Vermillion the halfiron was the most challenging race I've ever done both mentally and physically. You should def check it out; it's the Savageman Triathlon in Maryland. Bike course is ridiculous and has almost 7k ft of elevation change with a handful of 20% and 30% grades. Second only to Alcatraz on my list of favorite races.

Just wanted to take a quick moment to introduce myself to the community. I've spent some quality time on this site, although I have yet to participate. I'm looking forward to becoming more interactive.

The podcasts helped me through my half ironman training this summer and the forums always contain a wealth of information.

I currently work in the healthcare industry, but spend a great deal of my spare time developing algorithms to analyze properties! I greatly respect the innovativeness, courage, and ingenuity of those who are able to succeed in real estate and aspire to one day join that elite group.

I currently own 2 investment properties and hope to acquire one multi-family property per year over the coming years. I am constantly inspired by this community and look forward to interacting with everyone in the future!