Last year I purchased my first two rental properties. I'm in it for the cash flow but was also hoping to get some of the tax perks. I talked with a couple of CPA's and went with one who has real estate investors and...
Hi All, Contemplating making an offer on a new 12-unit apartment building. Below are the vitals, would appreciate any thoughts. Purchase Price: $710,000 +/-Units: 12 (All 850 SF 2 bed / 1 Bath units)Current Monthly...
Hello, I've searched the Forum for information on a new construction calculator with no luck (other than buying software @ real data.com). Is there/could there be a new construction calculator on the BP site? Thanks...
For new carpet installed in rental, should I report as expense or capital improvement and depreciate when preparing taxes? I've read there can be an argument for either. Of course i would like to expense it but I don'...
Greetings;
I am looking for a PM in Milwaukee, WI for my SFH. Am a bit uncomfortable with the language I'm reading in various contracts. Is it typical for the property owner to include the PM as 'insured' on my lia...
I'm having a big issue with a general contractor who just finished flipping a house for me.
Contractor wrote me initial contract for $39,000. I signed it.
Work began and a few change orders had to ...
I have a tenant who paid first and last month's rent ($800) when she signed her initial lease. She's scheduled for renewal in June and she has expressed interest in doing so. Rent would be going up to $850. Does her o...
I just closed on my first buy and hold property. $35k cash for a 4 Bed, 2 bath that I think would easily command $1,000/mo. post-rehab (9+% cap). I plan to budget about $20-$30k for rehab... updating kitchen, bathroom...
First, thanks to all the posters on here for all the knowledge on this forum. I've been browsing for a few years, it's a great resource. Hopefully I can add something with this discussion, as I did not see much that...
Has anybody else seen this article?http://www.wsj.com/articles/real-estate-industry-b...The general point is that while Trump's tax plan is silent on the subject, the GOP tax plan that has been gaining steam proposes ...