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17 July 2019 | 27 replies
Some improvements to the property are:Exterior steps and walkwaysWasher dryer added in all unitsNew stainless steel appliances: dishwasher, microwavehood, fridge, stove (all the old tenants owned their own)Flooring for the garden unit, refinished the other unitsGranite counter topsPatch drywall and fresh paint on walls and trimUnexpected items list to name a few:Foundation cracks - fixed nowBathroom vents not actually venting - fixed nowRoof leak patch - heavy rains following closing made it apparentAttic plumbing came apart in the walls - previous contractor may not have properly glued?
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23 February 2018 | 9 replies
Hi all! My name is Zach and I am new to the BiggerPockets community. I recently graduated from George Mason University in Fairfax, Virginia. I worked my way through school and was able to graduate with very little stu...
25 February 2018 | 19 replies
If you own it for 2 years as your official primary residence (where your driver's license and voting is registered, oh and where you officially live, of course), you'll qualify for the capital gains exemption up to $250k when you sell.Sometimes just having another pair of eyes helps to uncover your options.
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23 March 2018 | 3 replies
- refer to the original depreciation schedule but "pause it" so that I pick up depreciaiton as if no years had passed in between rental use (this doesn't sound correct, but it's an opinion I've come across in my research)- start fresh and ignore the previous depreciation schedule, picking the lesser of an adjusted basis (original home purchase value minus land value + improvements) or fair market value minus land valueI have spent several hours looking at IRS publications and searching forums with mixed or no advice.
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20 February 2018 | 0 replies
Just joined on here and am fresh with the real estate world.
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30 July 2018 | 55 replies
Some strategically placed fresh cut flowers inside would be nice.
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10 January 2019 | 30 replies
I think people here are falling victim to recency bias. 2008 is fresh on the mind so everyone is thinking we are “due” for this wonderful correction and the deals will be everywhere.
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28 February 2018 | 6 replies
However, the people that pay cash are going to receive fresh eggs from my wife’s chickens.
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6 July 2018 | 54 replies
Hard surface floors throughout so some drywall repairs and a fresh paint with a few misc repairs.
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1 March 2018 | 5 replies
Bring held to such a high standard is the best thing about being in the military it helps a lot of fresh out of highschool people learn how to be responsible.