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1 June 2015 | 4 replies
Let me clarify with some more details:Jan 2011 = bought home for $75kFeb 2011 = completed rehab for total $2100March 2011 = tenant moves in.April 2012 = filed tax return with cost bases of $75k for the house and the fully deducted the $2100 on my return as repairsJuly 2012 = replaced roof ($5.5k) and tile ($3k)April 2013 = filed tax return and started to depreciate the roof & tile expense over ~5 years (what ever turbo tax said I should use).May 2015 = sold home for $136k.
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1 June 2015 | 9 replies
Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul
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2 June 2015 | 4 replies
I did some research and all permit filed/completed.- Complete yard makeoverI do feel my initial rehab budget is way low based on the items above and reaching out to BP members for advise.Thanks.
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25 June 2015 | 20 replies
Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul
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2 June 2015 | 18 replies
With the LLC you just have to file the schedule with your other tax documents.
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5 June 2017 | 113 replies
And possibly bankruptcy.
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8 June 2015 | 16 replies
Contact an attorney, to file an objection to the sale.
2 June 2015 | 7 replies
Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul
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4 June 2015 | 3 replies
Lastly the owner admits that they are going through bankruptcy because of utilities.
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7 June 2015 | 6 replies
If no one filed a claim to right of possession you don't need the does anymore.