Vincent C.
cost-basis, repairs, capitalized improvements - taxes
I'm wondering if there's a quick guide somewhere to see what things are part of the cost-basis vs repairs vs home improvements that need to be capitalized and depreciated.Does anyone have a template or a spreadsheet t...
Tyler Gauthier
For Rent Sign - Motivated Seller?
So, I've heard from many investors that they've had success finding motivated sellers by calling for rent advertisements and signs and asking if they've ever thought of selling their property. Anyone here have any luc...
Eric Peterson
Safe Harbor for new rental property
Hello. My wife and I are buying a rental property and we are a little confused about how we will have to account for some improvements we may want to make. Will we have to depreciate any of these or can they be deduct...
Jason L.
Can I can depreciation?
Hello BP fam, I bought my first real property in Oct. 2014, am I able to claim deprecation for this time. I have read some places that have said you can not claim depreciation during your first and last year of owner...
Taylor Dasch
First STR/MTR in Temple, TX
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $96,000
Cash invested: $17,000
Small 2/1 Cottage with Vaulted Ceilings Less than a mile away from Baylor Scott and ...
Matthew Neumann
Moving into a rental property - how?
Hi all,
I am interested in purchasing a second home and having it as a rental for a couple of years and then moving into it as a primary residence. The house would be in a location I am more interested living in, how...
Derrick West
New Investor in Cincinnati
Hi BPI'm new to investing and am really excited to get started. I haven't made any deals yet. My plan is to spend 2019 building a solid foundation by spending time on BP, listing to BP podcast, listening to audioboo...
Account Closed
First Rental Property - 2br/1ba Condo
Investment Info:
Condo buy & hold investment.
Purchase price: $205,000
$205k for a 2br/1ba, $1,800/month rent, $360/month cashflow. 25% down, 2.75% interest rate (with points).
Sealing the deal with...
Jonathan White
HELP! Tax claims on rehab not yet used as rental
Hello, I have been preparing a property in 2017 to rent; however it is just about now complete and ready to rent (2018). Since I did not actually rent it in 2017, can I deduct expenses to get it ready on my 2017 tax ...
Tony Wooldridge
Private Money Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $90,000
This is my 3rd purchase with PRIVATE MONEY! It is our first traditional duplex. It is going to require...