All Forum Posts by: Mansi Mehta

Carl Fischer can you deduct these expenses for repairs from the rental income over a period of 2-3 years to avoid taxes on income.

Like if the property needs repairs like 15000 when you purchase it?

Thank you

Can you make the repairs like painting, fixing hvac tax deductible in addition to depreciation?

Any good articles on the same?

Thank you

Duplex condo in Jersey for 186000, property tax 264$, insurance 71$, HOA 120$, property management fee 180$, loan payment 739$, rent is 2000$

Cash flow 635$ per month.

Cash on cash roi is 11.3%.

Question is- 1) is it a good deal?

2) can the initial repairs to make it rentable be tax deductible over a period of 2-3 years that the property is rented out?

Thank you

@Jeffrey Romanowski

Thank you very much.

Any trusted commercial real estate cpa recommendation in Albuquerque NM who does real estate investing themselves.