I’m closing on the sale of a duplex on Friday, and I’m trying to figure out how much I will need to set aside for capital gains taxes. How do I figure out my cost basis? What expenses raise my cost basis? For example ...
Hello BP!As I understand it, Tenant Improvement budgets make sense in A and B Class buildings/neighborhoods where the price and length of the lease should provide a reasonable ROI/breakeven for the landlord. My quest...
Is there a way that I can include a home improvement loan in the rental property calculator?
For example, the duplex we have has a 25 year mortgage at a 3.75% interest rate.
If we get a 12k home improvement loan at...
I have tried searching the posts, but didn't see anything...I was curious if anyone knows if there is a way to deduct improvements you make to prep a house you currently occupy but bought for a rental...is there a tim...
Hi ya'll!Look forward to being one of the experts on here eventually and being able to help people like myself out, but for now I have a few questions. I just got under contract today on my 1st official rental unit! W...
Don't over-improve rental property. To keep your cash flow at optimal levels, don't spend too much on upgrades for a rental property that will likely need maintenance and repairs during turnovers anyway.
I'd appreciate the BP group's feedback on what I can do to increase monthly rent value or at least increase applicant interest in this SFH LTR property. Current tenant's lease ends at the end of June and I'll need to...
Hi.This summer we bought a condo and renovated it before placing it in service. One of the renovations was a laminate wood floor, which, because it is not permanently attached to the building, is normally only depreci...
I am recently in contract for my first property, a college rental that was built in the 1950s. The property has great cash flow, but is drastically outdated and need repairs inside and out. My questions is should I ke...
A successful rental property is all about finding the right tenants. Once you find tenants that truly enjoy your rental property you can expect the lease to go as smooth as possible. To find the right tenant you nee...