I’m rehabbing my rental and paying my contractor 21k to do it all. How do I depreciate this for tax purposes? Can I depreciate the total amount over 15 years?

I had someone contact me about some potential deals in Florida  ocala area. I would prefer to work with a cash buyer but I would be willing to work with another wholesaler for a 50/50 split.

My business partner showed up at this property because he was given the wrong address by one of our bird dog realtors- The owner was there and the conversation turned to a spiritual one and they hit it off. We purchas...

Hello BP,I purchased my first investment property a month ago by using a construction loan and will be using it for the rehab as well. 3B/2BA 1,600 sq ftPurchase price was $20,000rehab $15,000ARV $76,000I also just go...

Hi guys,

We bought a home last year (essentially a long term flip), and we decided to make it our primary residence for a bit. The reason was two-fold; it met our current needs as well as would keep us from paying ca...

Hi All,Would love to get your thoughts on this potential investment - it's a duplex in Indianapolis - 68KProperty is rehabbed and each unit is 3 bed and rents for $550 and $475Asking price: 68kYearly Tax - $536Insuran...

So a contact of mine is in deep on a rehab project in Chicago. He's having a real difficult time selling it, as his initial projections were off a bit. He needs out NOW. I'm looking to maybe come in and take it off...

I just put a 2 family house under contract on Johnson St. Springfield Massachusetts. One unit is getting $1,200 and the other is getting $800. 15% ROI (using the 50% rule) . This house is turn key and can be held ...

Hi BP members,

I am looking for referrals for licensed contractors in Detroit, MI. Thanks in advance

Anoop

I am just getting started.  Many years ago I spent 11 years as a real estate agent and a mortgage broker.  I want to get started flipping.  I started my LLC, got a bank account set up and put some money in it.  It is ...