Cooper B.
Amending old tax return on rental property. Tax benefits?
14 February 2013 | 7 replies
Based upon not lviing there is was never your residence or main home as you did not reside there.You can deduct repair costs, maintanance, improvements. ultimately the value for depreciation purposs comes down to cost basis versus FMV at the time it was converted to a rental.Had you lived in it while it was being rented it would be another story.
John Blackman
Form 8908 - Tax Credit for Energy Efficient Homes
14 February 2013 | 3 replies
The credit is $2,000 for a dwelling unit that is certified to have an annual level of heating and cooling energy consumption at least 50% below the annual level of heating and cooling energy consumption of a comparable dwelling unit and has building envelope component improvements that account for at least 1/5 of the 50% reduction in energy consumption.
Katrina P.
Need help with trying to evaluate & purchase property
14 February 2013 | 6 replies
But I'm mainly looking to see how to make this deal happen with the other three having mortgages...should I try sub2?
Carlos Lopez
Need your opinion - 50% rule
15 February 2013 | 6 replies
You then have to decide to buy in your market for an appreciation play or go outside your market where the cash flow is better.Nobody is going to sell to you for less when buyers are paying 5 to 6 caps or less for properties in those areas.There are areas with appreciation only, some cash flow and appreciation, and those with mainly big cash flow but little to zero appreciation over time.
Elliot Mendoza
SFH deal analysis.
23 February 2013 | 9 replies
My main concern is they usually have 2-3 kids.Is that a good deal in general?
Karen Margrave
Blogs - LinkedIn - Facebook - ??? How much do you do?
6 March 2013 | 8 replies
Facebook I really haven't done much too it and mainly use it for friends.All of these avenues are really connection points you just have to decide what to use them for and your purpose.I get a lot out of Bigger Pockets here.
Tyler McLeod
Getting Started Financing with No Credit
27 February 2013 | 8 replies
I am mainly interested in multifamily units, which I have read are similar to single-family homes in terms of financing.
Sandy Bars
Gas Water Heater Pilot Light - thermocoupler?
23 February 2013 | 10 replies
Also check the main water heater control valve, it's the valve with the thermostat on, that maybe what is malfunctioning causing it to shut down.
Jake Kucheck
Has Anyone Started a B-Corp?
11 November 2013 | 42 replies
This is the main benefit for small nonprofits- getting money from middle class/rich friends and people who believe in the cause.
Siim Sild
New member!
20 February 2013 | 7 replies
I don't have a step-by-step plan, just some pinnacles and main goals I want to reach.