All Forum Posts by: Tony Varao

I hope to make it Charlie!  Looking forward to it.

Plymouth has become a very hot market in the past few years, and especially so in the past year.  Some single families in need of some repair, combined with the premium rents for SF's ( especially if you allow dogs) might be an interesting alternative.  Sound advice from @Charlie MacPherson and @Dan K. above as well.

Thank you both for the information. LOL... I know that its deductibilty, the auto correct pulls that word up as it does not recognize it  and suggests the destructibility .   Very clever response.,.. a tip of the hat to you.  Many thanks Michael and Luke!

Great information and insight Charlie!

What is the appropriate way to handle depreciation, tax destructibility of interest, taxes, closing cots, and utilities when you are house hacking a 3 family?  Purchased in April 2018 and also understand there are some newly enacted 100% destructibility for some repairs that might be exclusive to this year.  Can I take these and deduct 2/3 of the cost as I am residing one of the 3 units?  Is it 2/3 destructible as 2/3 is rental or is it based on total bedrooms (i'm in a 2, renting a 3 and a 2) or total rented square footage vs total as a guide, etc?  Are there advantages to doing repairs this year due to the tax changes, or is the same applicable next year as well?

Thankful in advance for any feedback.