So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...

My rental property is on it's first month of lease. I've spent close to $30k renovating it, and it looks great! Numbers are great too, as of now. However, an issue arose that I haven't had with the property until just...

Hi all,

Hope this is the right forum.

Renting a small 3br 1bath house built in 1950's with floor furnace ( not working anymore )

Was hoping to get some tips on low cost upgrades.
I would like to upgrade certain ite...

I'm new to this forum thing so bare with me please.

We have an excellent opportunity on an 8 plex we are probably going to buy. We already have it locked down with an offer, pending the inspection report we g...

A tenant called and stated the basement looks like there has been an explosion down there. He said he went down into the basement and turned off the water after seeing hot water had been coming out of the overflow va...

My general contractor is quoting me:$32,000 to prep, paint exterior of the home$19,000 to replace asphalt roof$23,000 to prep, paint the interior$19,000 wooden floor refinishing (polishing, filling in any cracks)The h...

I'm looking at this building, ARV (though I plan to hold) is 750k, needs 100k at least (150k pessimistic est), and the seller is down to 425k (mortgage is 410k which I will assume, though I will have to pay back some ...