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4 November 2024 | 2 replies
Looking at lots listed for 15-25k in Texas satellite towns to initially hold then eventually build class A/B duplexes.
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5 November 2024 | 0 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.
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3 November 2024 | 2 replies
I own a recently renovated 3 bed 1 bath in the Greensboro area.
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3 November 2024 | 6 replies
We're in FW, TX, and building duplexes to hold and rent.
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3 November 2024 | 2 replies
The general plan is to BRRRR a duplex and rent one unit while living in the other.
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3 November 2024 | 3 replies
I think many can be easily overcome like finding an attorney and contractors in the area, but the most interesting challenge I can think of is how to hire someone to deliver late payment notices one day a month.
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3 November 2024 | 11 replies
I bought a place and the seller had to put in a new septic field, rest of it was fine.
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18 October 2024 | 6 replies
Hello Pro BiggerPockets,I am new in RE investment.
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3 November 2024 | 8 replies
We only found out that early in the lease because of several maintenance issues shortly after the tenant moved in and we have had to go back and forth with the owner for monies to pay certain invoices.
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18 October 2024 | 3 replies
Does anyone have any recommendations for a CPA experienced in real estate investing in the Austin/Round Rock area?