A situation arose with a 1031 exchange I am in the middle of in Denver, CO. Here is the timeline. 1031 started Jan. 2nd. Identified a property and closed Feb 26th. Gave the existing tenant 29 days to vacate the proper...

Hello,
I bought a triplex last year, and now that I'm cashflowing comfortably I'd like to make some improvements. The driveway is cracked and has a big hole behind one of the parking spaces, so it would probably need...

Hoping for some tax guidance on cost basis determination. Many thanks in advance.My wife was listed on her's Mom's house deed as joint tenet with right of survivor-ship. Her Mom passed away in Nov '17 and the house wa...

Are there any formulas, rules, etc I can use to understand after repair value? E.g. if I spend 20k on improvements what will that do to my ARV? I image if I put 20k into a 500k property it wouldn't have as much impact...

I’m in the equity zone on my 4 plex to do a 1031 exchange and use that equity to buy a smaller apartment building. I have a basic understanding of how the process works. My question is do I need to use all of the equi...

Situation:
Two old houses have been demolished. We have enough land for a 25-unit apartment. The costs have already accrued for the demolition and permit for the new apartment is approved. The improvement cost includ...

Question for the masses:
If I did a commercial build out for my business on a building that I do not own would you need a cost segregation to utilize accelerated depreciation of paid in capital or would you be able ...

Whats up BP,
So i found a duplex in my area that just  hit the market 2 days ago, It's list price is $179,900, it needs a lot of work but it's currently being rented for $2,115 (unit 1: $1,265, Unit 2: $850), cashflo...

Hi All,Under the current tax laws is interior painting considered maintenance vs repairs?What about roof maintenance (replacing a few shingles)?I would like to have document references to support classifying these two...

Bought my first rental. Has some foundation repair needed. Looking at $10-$15k if I hire it out. Can I deduct this as a repair expense or will I have to depreciate it? Looking to keep as a rental. Also, I’m plann...