When running my numbers, I’d typically figure in 10% for capital expenditures, maybe more. (Because I just shelled out $3,000 to have a tree taken down and $10,000 more on carpet and painting.) With a condo, the roof...

I have a property that i started renting in 2018. City had their inspectors out to the property and everything was fine, granted me the certificate of occupancy. 5 years later, no change in tenants  they said i needed...

Hello! I want to turn out first home to a rental property but needs a new roof. For tax purposes later, can we claim the roof? Do we need to be making cashflow in the property to claim the roof under depreciation each...

There are worse problems to have, but we have ended up with more homes than we intended to, and it's the perfect opportunity to cull the herd.

I have a specific property in mind. It's a class B in an okay nei...

Oftentimes people get confused whether they should capitalize a purchase or expense it. Hopefully this helps clarify things a bit!
A capital expenditure is money spent by a business or organization on acquiring or ma...

Hi, I'm a long time reader and new poster.   One of my west Philly properties (row house) was cited for a city violation in February that said the structure was "unsafe".  I had an engineer look at it and although the...

I have a question about appraisals on a mobile home park. The park I am looking at has some mobile homes that are “rent to own”. I understand the valuation of the lot rents, but how would the income from the RTO be va...

Hey all,I have a window in my home bedroom that seems to have old caulking that's looks like it's breaking down on the side of the window and I want to recaulk. The gap is maybe an inch big.On the side of the window i...

I have found a cheap house I can pay for in cash but the land is leased. Luckily the lot rent is only $300 per month. What's your thoughts on possible flips or investments in general on leased land ? (House on the sam...

Hi all,I'm trying to buy a SFH from the children of a dementia patient. The house is vacant for over 5 years now. The Husband, a former carpenter passed away some time ago, the wife is in a nursing home. The children ...