Luiz Souza
Items Left Behind
I am curious to know what you guys do with the items that remain in the house after you purchase it; i.e. refrigerators, ranges, microwaves, etc. if they will be replaced in the rehab process but are still usable. ...
Leo B.
Are these allowable 1031 Closing Costs
I'm in the middle of purchasing replacement property as part of a 1031 exchange and am trying to get some clarification on allowable closing costs that can be paid by the 1031 proceeds. My 1031 company sent me a list...
Brian H.
Curious how you decide your number for CapEx?
Hey all!So when you are deciding what to set aside for CapEx when doing a property analysis do you adjust it based on how new certain items in the home are? A property I am looking at has a 2 year old furnace, 8 year ...
Christa P.
First rental under contract, what might I miss?
My first rental is now under contract. We are planning to close in a month. I am reading all the books and trying to make sure I am covering all my bases. What do newbies overlook at this point? What might I not be t...
Nicholas Spohn
How much to pay a CPA for small biz
So what is reasonable to pay a CPA for a small (4 property) investment business? My CPA last year was TERRIBLE and this year I met with someone at McGladrey who seemed very professional and knowledgable but said fi...
Zach Fagas
House rules, items check list, any other pre tenant items
Hey everyone!I am an experienced real estate agent but rookie landlord for reference.I just got my first tenant off Furnished Finder! Woohoo! I am getting the lease together now. What other items do I need? Assuming...
Kasey Blow
STR furnishings for airbnb
Wanting to know if the initial expense of furnishing an entire house for airbnb/vrbo etc, 20-30K cost is considered a capital expenditure and not tax deductible or if it would be considered an expense that is tax dedu...
Dan Buchta
Converting Primary Residence to Rental
I am in the process of finding a new primary residence and I plan to rent out my current home once I have moved. There are a few things that I want/need to do to my current home before renting it out such as:
- Paint...
Jim T.
Deducting State Income Tax for Rental Income
This question is not really for me because it won't make much difference for me but I want to throw it out there to see if the tax experts can weigh in. Perhaps it would be helpful for others.Can you deduct the state ...
John Miller
Full Bathroom Remodel
Here is a nice full Bathroom Remodel we finished up not to long ago.