Nate Michaels
Owner-occupied duplex, how to depreciate properly
Hi all, I'm owner-occupying one unit of a duplex and I'm wondering what is the best to report the depreciation if I convert the owner-occupied unit into a rental at a later date. The challenge I'm having is specifical...
Pathik Thakkar
STR + Flip - does it work?
This is for the bay area, and here's what I am hoping to do - buy a fixer upper for 900k - Cost seg - write off (675k)- Spend 200k in improvements- 30k in furnishingsHow does the 200k in improvements play in taxes? Ca...
Nathan Volkmann
Capital Expenditure Policy
Looking for any advice/ knowledge people have about capital expenditure policy's. I bought my first rental and I am currently housing hacking. I made the rookie mistake if waiting until tax season to get tax advice an...
Mitch Price
Lose Good Tenant or Money due to Rehab?
Hello, BP family!In a little bit of a dilemma. Do I lose a good tenant or lose money due to rehab? Here is my issue: I have a duplex I purchased earlier this year, that I am house hacking. When I purchased the propert...
Michael Shaleesh
Own three 2 family properties...
I own three 2 family properties with no debt. They cash flow ~$1300 per unit and are worth ~600k ea. I live in one 3 bedroom and my mom lives in another 1 bedroom with unfinished basement. I want to make a move and am...
Alex Deal
Guess at Refi value?
Bought a 3/1 in cosmetically roughy shape with a dead central ac unit. Had some mold/mildew built up inside and very dirty white paint. Appraised for 70,000k. I installed new ac unit, repaired and painted outside, k...
N/A N/A
Windows Vista
Anyone have it yet? What do you think? Is it a good buy?
Busayo Ogunsanya
Opportunity Zone - For Real Estate Investors
The Opportunity Zones program was established by Congress in the Tax Cut and Jobs Act as an innovative approach to spurring long-term private sector investments in low-income urban and rural communities nationwide....
Evan Hauler
Tenant want to hire and pay for a plumber themselves
Hello, I just bought, my first ever property/home (woo), and there is an existing in the lower unit. And they have reported a slow clog in their bathtub, the thing is they offered to hire a plumber and pay for it them...
Nick Kellar
Rental depreciation and deductions - getting started
I purchased a house for cash in NH in 2015. I had a family member live in the house until June of 2018. In July I completed a lot of updates to the house (new well, new 200 amp electrical service and panel, new window...