CL Ziegler
Expenses, Repairs -vs- Improvements
Hi Everyone,On my last three tax returns my CPA surprised me by prorating several of my HUGE expenses, citing that they were improvements so the full amount can't be claimed on one year's return. (he diviede them over...
Samuel Connor payne
Fix and Flip in Memphis
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $82,000
Cash invested: $15,000
Sale price: $160,000
Starter home flip in Colonial Acres. In this flip, we repla...
Brian Ross
Floorplans for STRs vs LTRs
Hi all, I'm starting to look at designs for a new build in a small college town, but with a reasonably large student body that drives a lot of traffic in/out of town throughout the year. My family has been in student ...
David Stone
How to handle mold reported by tenant
Hi BP!I have a duplex I rent out and have a tenant on one side who reported seeing mold in the corner by the ceiling above the shower. They said they scrubbed it away with a bleach solution and haven't seen a reoccur...
Cyndi Burge
Easy flip and fun to do
Investment Info:
Single-family residence fix & flip investment in Louin.
Purchase price: $110,000
Cash invested: $40,000
Sale price: $229,000
Updated interior and added a bathroom
Wh...
Antulio Montiel
Fixer Upper Miami did it again
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $212,000
Cash invested: $100,000
Sale price: $380,000
Full renovation and addition of a bathroom. New wire, pip...
Paul Shepherd
Refinancing a house after renovation but no permits.
Hi All! Looking to tap into the wisdom and guidance of this tremendous community. My wife and I have a small rental house that we are moving into and have already sold our house we were living in. We decided to do som...
Kerry Smith
Condo--Who pays for a leak and repairs?
I own a 2nd floor condo, which I rent to a tenant. There is a nice neighbor woman downstairs with the identical unit. When I bought my unit, her bathroom ceiling was literally caving in because the previous owners for...
Paul Sandhu
Arbitraging a large U-Haul box truck as an STR?
I knew some guys that would rent a U-Haul and put a bunch of mattresses in there to sleep on during Mardi Gras. A large U-Haul would sleep 6-10 people. I'm thinking about renting some U-Haul's and parking them in th...
Doug Spence
OKC Rehab - Best Bang for your Buck?
OKC real estate pro's! I have a question for you:
I'm under contract on a duplex right now on the northwest side of town, and I'm about to start working with contractors and my agent (the awesome Abbie Davis) on the ...