I have a question for those experienced LO people. I have an opportunity to do a LO with someone that asked me to sell their home ( I am a licensed Fl. realtor). I want to give her another option- Lease Option.  She i...

I got a call off of one of my craigslist ads from a guy who has recently been told he's transferring in 30 days so he is needing to do something with his house fast. He doesn't have enough equity to wholesale or reha...

I got a contractor that will do free estimates on the properties that I find. now I been reading on here and it seems that buyers don't take that into account when buying a wholesale property. I wanted to make all my ...

Hello! I am interested in converting my primary residence (have lived in 7 years) to a rental. I want to make some improvements prior to renting in order to make it more desirable, but am wondering how this impacts ta...

Good morning all... I purchased a residential property for a long term corporate client in November 2017.  The client asked for some remodel work to be done and expects to move in on March 1 2018.  It's pretty signifi...

Hello Great people of BP!I have a question regarding depreciated improvements on a rental property. I do have a CPA. But I just wanted to get a second opinion on my situation.
My first question: This past year I move...

Hey Bigger Pockets, new landlord-to-be here.We close on a new personal residence in March and will be keeping our current home as a rental. We will be doing some rehab work to our current home such as replacing some o...

I am trying to understand how depreciation is calculated with respect to improvements. Please correct me if I am wrong, but my understanding is lets say I have a property I purchased at 200k. Lets say 50k is the value...

I am in a process of buying a property to rent it out. I know that the cost of bringing the house to habitable conditions is only deductible when you sell the property. But since you can deduct property maintenance ev...

I've searched the forums and haven't found any discussions that address a couple questions I have about calculating cost basis of a rental property.1) I know that to determine cost basis, you need to multiply the purc...