back story - my two siblings and I inherited a house in January 2013. In August 2013 the Tenant moved out (they had been asking to be released early from their lease due to issues with the property). All the rent w...
This is a two part question1) If I hire a painter to paint an entire inside of my rental house for lets say for $3,000 would this be considered a repair expense (improvement) that needs to be depreciated or would it b...
Hi All,
Hope everyone is staying healthy and safe during this crazy time. I have been learning for close to a year now, and really looking to purchase my first real estate investment property soon. Where would you r...
I just came from my CPA's office where I was informed that there was a $25k loss limit for write-offs for a rental property. I Have spent the past year and $70k repairing and remodeling a 4-plex I bought in Jan 2016. ...
I'm doing a large scale renovation on one of my rental properties, and have a question that I can't seem to find an answer to. As I understand it, anything done as part of a larger renovation (even if it normally coul...
Hello BP friends,
I'm fairly new to both the professional and investor world. I graduated from college in spring 2016 and began working in medical device sales a few months later. Like many of you, I read a series o...
Hi all, Jonathan from Ann Arbor, MI here!I've been around the BP and REI communities before but have never jumped in. Safe to say, I think I've matured enough that I'm ready to drink the Kool-Aid. :)I've always been p...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Boston.
Purchase price: $530,000
Cash invested: $39,000
A duplex I house-hacked after doing a lot of renovations myself wi...
Fannie Mae Homestyle Renovation Loan vs. FHA 203(k)
The FHA 203(k) is the most widely known renovation loan, but did you know about the Fannie Mae Homestyle Loan?
Here's how they break down:
Fannie Mae Homestyle
M...
807 Rosalia Dr. Sanford, FL 32771My first finished rehab.Original ARV quoted from wholesaler was $165k when I bought it back in September 2017. I finally finished it in May 2018. Went ahead and listed it for $169k. Go...