Good morning BP Family! I hope everybody has had an amazing week and is looking forward to an even better weekend! I'm still on the hunt for a new acquisition and am looking for SFRs or multi units in the Indy area (b...

I had a new water heater installed in the rental (before I placed the rental in service, if that matters). Do I have to depreciate the water heater like I would a kitchen appliance, or is it okay to treat it as a repa...

Hi BP,I recently incurred significant expenses for the exterior of one of my properties, and am requesting your assistance in understanding what I may be able to deduct in the current year.  I would classify each of t...

I have been reading rich dad poor dad and he seems to separate expenses and liabilities into two different columns. I guess they are two different things ? For some reason I see them as the same thing since they both ...

A cost segregation (seg) study is a detailed analysis of the components of a building so that the separate components can be separated and classified into shorter depreciation lives. By performing this study, building...

hi all,

i am new to this site and also to rei. i have been immersing myself in information and educational materials about different aspects and types of rei, and came across yet another "product" that may be worthwh...

Investors have long known that depreciation on depreciable real estate is an economic fiction. Since property values usually increase over time, depreciation has often been called a "phantom" expense. Congress even r...

Good Morning All! Two questions actually.First, is the 'de minimis' limit for an individual landlord $500 or $2,500? I read Amanda Han and Matthew MacFarland's book and understand (or interpret it anyways) that the li...

Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...

Hi all,
I have done some deal analyses and received useful feedback from you all! First of all, I want to say THANK YOU for all the mentorship, I have felt a lot more confident about real estate investing.
As the ne...