If I purchase a home for $25,000 cash, then spend $15,000 to fix it up, then refinance at an appraised value of $100,000(just an example), would depreciation be based on the $25,000 plus improvements or would it be ba...
I'm looking for input from long time apartment owners who have been through a few different market cycles with apartment investments. I'm currently looking at 60+ unit properties for the purpose of syndication. Rese...
Hello BP family, I signed a contract with a construction company to do egress windows. The contractor concurrently started the job applied for a building permit a couple days later. They finished about 80% of the job ...
Just got property tax statements today. Most of the houses went up a few thousand to maybe 7 thousand, which is bad enough, but I have one house that the improvements were valued at 76,000 last year, and this year a...
I imagine the deals are harder to find than residential?How did it go?
We bought a property. SFH in south Florida. We’ve moved in and are redoing the floors and kitchen and some other things. Well, my job is relocating and we will have to turn this home into a rental come Spring/Summer a...
Can anyone shed light on how the proposed Trump tax reform would affect property depreciation. Could this tax reform retroactively take away the tax benefits for 2017?
I just leased my newly rehabbed home to a tenant. Everything is going well so far. He paid 2 months up front and has been a pleasure dealing with. When rehabbing I cut a few corners and went kinda cheap on the kitchen...
I just read this article here and I wanted to confirm the info-https://www.nolo.com/legal-encyclopedia/small-taxp...So, it sounds like I am able to write off some of my improvement expenses, as long as it is less that...
Has anyone used VAs (virtual assistants) for help with managing properties and tenants? If so, has this been effective with improving efficiency, tenant satisfaction, and overall business operations?