Seeking help/advice on doing accounting on this major remodel. Tax Accounting for Rental 100K Remodel. In 2019 I started a remodel and finished in it 2020. What are the best ways to handle the expenses, rental income,...
I have a question regarding floor staining and was seeking input. I am at the tail end of my first rehab. The floors are being redone now and the stain just went on last night. I visited the house early this mornin...
I need to replace broken vertical blinds in a rental. Any recommendations of style/vendor? I was going to replace with new verticals blinds but am now thinking a curtain rod would be cheaper or panel blinds would be...
Biggerpockets Friends,I have a situation where a tenant recently vacated my property. For the most part they left the condition of the home in pretty good shape. However, in an attempt to ensure he gets his security d...
Looking to purchase a rehab and the seller has already remediated a mold issue by using bleach and painting everything with Kilz. I am pretty sure this is not the correct method. The house had mold in the attic a...
I'm 43 and looking to get started with investing in the Indianapolis area. I want to build a portfolio of properties until I'm 60. So I'm just going to say 15 years. Does anyone have suggestions on how you woul...
I purchased an old 1920’s Craftman-style home for $69,900 in October. It was in poor shape. The siding was in need of major paint removal and repair, the foundation needed to be put on cement piers instead of wood...
I have an inside line on a SFH that the bank has initiated foreclosure on. They have not yet finalized that process however. The homeowner's have vacated the property and it needs roughly $25K in work. They owe $70K...
What is the largest amount of tax you have seen owed on a property at these sales? - When you purchase, do you just CURE the outstanding lien and it becomes your property?
As we roll into 2018, investors are spending more time thinking of ways to get ahead. Some have already taken time out to reflect on the past year, and to set New Year’s resolutions. Others may not have put their plan...