Since the sale of the property occurred towards the end of the year, in October, the 1031 Exchange was going to receive an Installement Sale treatment and in the event a Like Kind property was not purchased within 180 days the proceeds would have been taxed in 2018.

Bathrooms and kitchens are the biggest visuals...new vanity is only a few hundred bucks and will make it pop...shower curtain and rod on high end and it looks so much bettter.

Expenses incurred before the in-service date will likely be capitalized (added to basis) and depreciated over the life of the property.It’s much more beneficial to deduct expenses in full as opposed to capitalizing and appreciating them, so it’s important to advertise the property as soon as possible.Since you’re doing rehab work, it’s also  important to note the different tax treatment of expenses with respect to repairs and capital improvements.These talking points should certainly be explored with a professional.

Nothing visually wrong with the building. 

Go with the applicant that you feel visualized themselves in the house during the inspection...did they look at outlet locations?

Roaches can be killed pretty easy with a few aggressive treatments and ongoing preventative maintenance. 

Funded my LLC and bought the properties.Am thing thinking on drawing down on my available HELOC the same amount as my down payment.What would be the tax treatment on interest paid on HELOC? 

Hello, I am trying to find tenants for a 5 bedroom rehab in Lauraville 21214 and was approached by an individual looking to run a SUD Residential treatment program that is CARF accredited.

They're subject to special treatment under Sec 280A.

This really helped me visualize the process of a BRRRR.