N/A N/A
Assessor's land value too high?
The county assessor's apportionment of land v. improvements seems a bit high to me. On the 4 houses I purchased this summer, the land values are 42%, 42%, 33%, and 22% of the total assessed value. For depreciatio...
Susan O.
How are Renovators planning for Taxes W new Apartment improve
Hi for those of you who do major value add apartments how do you expense most of these things. I've heard on first year purchase you can expense 100% or some say only 50% for bonus or accelerating depreciation?Sectio...
Robert Lindsley
Tax benefits of MHP vs MF
Hi there,I currently own 2 multi-family buildings and will be 1031-ing them for a larger property in the near future. I'm considering buying a few mobile-home parks (ideally parks with zero park-owned homes) and have...
Matthew B.
Accounting Practices for Rental Properties vs. Flips
I have some fun accounting questions I'm hoping someone can answer.
So I'm pretty sure when I purchase a house to flip, it is recorded as inventory, then expensed as cost of goods sold when the house is sold....
David B.
Forcing appreciation in C class neighborhood
Hi all i have a question that might be confusing, so I’ll try and simplify it. i have recently purchased a duplex in Columbus, Ohio in a C class neighborhood. I intend to purchase more.
Now - these homes are functio...
Cody Roof
Garage Opener Installation
Hey all,
Long-time lurker, first-time poster and I wanted to get some opinions.I somewhat recently bought a house in Georgia through Roofstock and, through some underwriting bungles on my end, it's not performing gr...
Sol Dubnov
deducting major repairs
We purchased a rental property and had to invest major amounts into repairs. The cost of the work is expected to exceed the projected rent income for this and may be couple more years, and we were hoping to recover th...
Muhammad Patel
Need Help with a Client!!!!
I have a client who wants to do additional construction on his property worth 2 million dollars. He already has a First Lien loan of 650k on the property. He is trying to build another house on the property. He has al...
Mindy Jensen
Who are my opportunity zone experts?
Who are my opportunity zone experts? I have an opportunity to invest in a building/business in an opportunity zone in my hometown. I have some stocks to sell in early 2019 which will fund the purchase. How do I note t...
Daniel Tisdale
BHG Financial Review
Hi,I have received an offer from BHG Financial for a loan of $155K with around a 15% interest rate to be paid back over 10 years. This would not be reported to my personal credit and I am looking at using the funds to...