All Forum Posts by: Ryan Baker

@Michael Plaks

Thank you for the input. I assumed there wasn’t a clear answer to this one. We will likely make some changes in the next 12 months for “our” appreciation and use but hold off on others intended to increase its rent-ability.

Is is possible to add functionality for users of the mobile app (and the website, I guess) to favorite or bookmark blog entries? Reading through the entries, I find ones I want to come back to later to reread, read for the first time (if I’m just scanning), or reference when a podcast is suggested and I can’t listen it it when I see the blog. It would be super helpful to have a list of My Bookmarks to reference.

We are expecting, within the next 12 months, to purchase a new primary residence and convert our existing residence (SFH) into a rental/investment property. We need to make several upgrades to the current place in order to make it rent ready- new flooring, new patio doors, new deck, drywall repairs, maybe new kitchen appliances and cabinetry, etc. These upgrades are to get this property to a solid Class B type property and are either just needed in the house (new flooring for sure) or needed to keep up with other rentals in the area.

My question is, from a taxes and deductions standpoint. when can we start making these upgrades in order to claim them as deductions / “investments” into the investment property? Can any of that work be done while we are using it as our primary residence? Or do we have to wait until we move out in order to perform the work and claim them?

Thanks for any input.

Hi all,

Long time reader, first time poster. In keeping with my 2020 goal of actually starting (rather than fantasizing about) getting into real estate investing, I’m investigating a storage unit facility for sale. I have a couple of potential partners lined up, so excitement is building.

I have some experience in rental housing, so I’m not completely green to the industry. However I wonder what’s the best strategy for evaluating a storage unit deal vs a housing deal? I imagine the concepts are the same- compare income vs expense? Is there anything I’m missing?

Thanks in advance.

- Ryan