Will Wallander
Appliances purchased prior to placing my rental into service
I purchased a foreclosed property on August 7, 2018. I rehabbed the property and placed it into service on September 30, 2018. My tenant signed her lease on October 11, 2018 and moved into the unit in early November...
Chris Seveney
Too Good To Be True - Guaranteed Returns......
There is a quote that talks about if you are not making someone upset (polite term) every day, you are not working hard enough. Well yesterday I definitely made someone upset. I run private FB group on note investing ...
Mark Forest
Sewer line fix capitalize or expense
Hello, I have asked this question before, but after doing research I must disagree with the original poster. I spent almost $5K to have a plumbing company dig a hole in my yard and put a $6 boot on a cracked sewer li...
Andrew Magoun
Cap Ex? or just maintenance?
I just had the sewer line re-lined at one of our properties. Does this count as a capital expense/improvement? or is it merely maintenance?
Kesru Tam
Diversifying from tech - direct vs syndicate vs CF
Team - I'm both new to this forum and relatively new to RE. I'd love to get your POV on my situationCircumstanceI'm an early employee at a (now) large tech and have 8-figure NW in stocks & bonds. I don't have much...
Stanley Dean
Heloc versus Commercial Line of Credit
Heloc versus Commercial Line of Credit in Maryland- Recourse or Non - Recourse loansHope all in the community are well and navigating safely during this moment in time.I had questions as trying to free up some cash fo...
Chad S.
Deducting a new septic system.
I have a septic system that has failed and needs to be replaced.Could I deduct this as a repair instead of a improvement, since I have no choice but to replace it?
Dustin M.
Working on multiple lonnie deals at a time.
Hi,
I am still fairly new to mobile home investing (only have two mobile home notes at the moment). I recently flipped (my 3rd so far) a HUD foreclosure so I'm ready to invest the money I made out...
Robert Steele
De Minimis Safe Harbor Election (expense rather than depreciate?)
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
Ryan Moore
2 new Heaters, Invoice has just 1 big price on it
Hi. After I closed on my new 5-unit property this past december, I had to replace two heaters that were at their end of life and malfunctioning. The total cost was $9,900. I just realized that the HVAC company did ...