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I don’t mean to burst peoples’ bubbles here, but in my opinion, most investors on BiggerPockets won’t get to a place where they can replace all their monthly income with the cash flow of their properties. Some will. B...
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I purchased a fourplex in the Anchorage Alaska area earlier this year. Each unit has its own forced air heater and 48 gallon water heater. The furnaces are 20-36 years old and the water heaters are 10-16 years old. ...
Hi,After my previous tenants vacated the apartment, I noticed the woodframe beneath the skylights turned moldy.The tenant was not doing a good job with the exhaustion inside the bathroom especially last few months wh...
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Hello all: I am curious how your CPA or tax preparer handles these items.Had a conversation with a tax preparer yesterday about replacing a front door. He states he expenses the item that year rather than depreciate i...
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Hi BPersI'm looking at buying a house in Chicago whose roof is intact and without leaks but very near end of life according to both the general inspection and a roofing spection. The roof is 1250 square feet and is qu...
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I have a 1957 3 BR/1.5 bath ranch house in the Belvedere neighborhood of Decatur / Atlanta, GA. The original sliding door going out to the deck may be beyond repair, and I'm looking for ideas on how best to spend $$ ...
Can anyone recommend a good concrete contractor to replace a driveway in Georgia?
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Hi BP!I have a question for you. My insurance Agent gave me two options to ensure my Duplex:1) Replacement Cost - if building is damaged the company buys the cost to replace the item including current labor and mate...
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https://www.theverge.com/2021/5/26/22453150/airbnb-ceo-brian-chesky-interview-host-rentals-long-term
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I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...