Chad Lamb
Can you depreciate the new ARV
Hello, So I have completed my first BRRRR this year, and I have a question about what amount I can depreciate. I purchase the property for 27K cash with 15k being building value and 12k being land value. After our reh...
James Free
Basis for Depreciation
I occupied a house for seven years, then moved and began renting it. I cash-out refinanced months before the move, as it had appreciated 60% since I bought it. Now that it's a rental, I can take depreciation, but usin...
Sherry Hackett
Buy It - Fix It - Stage It - Sell It
Investment Info:
Other fix & flip investment.
Purchase price: $182,000
Sale price: $235,000
Originally purchased this town home as a rental property. During the next 12 months, I spent time off ...
Sherry Hackett
Buy It - Fix It - Stage It - Sell It
Investment Info:
Other fix & flip investment.
Purchase price: $182,000
Sale price: $235,000
Originally purchased this town home as a rental property. During the next 12 months, I spent time off ...
Sherry Hackett
Buy It - Fix It - Stage It - Sell It
Investment Info:
Other fix & flip investment.
Purchase price: $182,000
Sale price: $235,000
Originally purchased this town home as a rental property. During the next 12 months, my partner and I ...
Robert Lindsley
Tax benefits of MHP vs MF
Hi there,I currently own 2 multi-family buildings and will be 1031-ing them for a larger property in the near future. I'm considering buying a few mobile-home parks (ideally parks with zero park-owned homes) and have...
Kasha Williamson
1031: Sold Turnkey home, purchasing unfurnished - may I use 1031 to furnish new STR ?
My purchase is $25k under the net of the STR sale, would like to use that $25K to do some landscaping improvements (trees/fencing) and to furnish the STR. May I use that $25k difference to do so, and if so how does my...
Jonn Vidal
Landscaping vs Fruit Trees
We're raw vegans moving from one single family detach in residential zone of LA county to another of the same, non HOA.Broker asked for some of the orn plants & fruit trees we had already dug up and been moving du...
Sherry Hackett
Buy It - Fix It - Stage It - Sell It
Investment Info:
Other fix & flip investment.
Purchase price: $182,000
Sale price: $235,000
Originally purchased this town home as a rental property. During the next 12 months, I spent time off ...
David Lao
Depreciation to offset W2 income
This is a hypothetical situation. Billy has a day job earning $100,000 per year in California. He wants to build a real estate empire in his local market as the king of residential real estate (1-4 units). What value ...