David Sweigard
Greeting from Jacksonville FL
I'm looking at properties in the Panama Park area of Jacksonville. Area is north of the city close to Airport, zoo, city, but is very light on immediately close services like box restaurants, coffee shops etc. The T...
Jeff Rogers
Converting primary residence to rental - depreciation?
Hi BP community! New to this all, but have spent a couple months reading, listening to podcasts, reading forum posts. I started making an inquiry of an off market property and found a new/different opportunity from t...
Ryan Wamsat
Depreciation on 1 unit of a fourplex
I read somewhere (couldn't find it again, for reference) that if I replace an item, such as an AC, in one unit of a fourplex, I can capture 100% depreciation in that tax year. The logic being that I replaced only 25%...
Rick L.
Deal Or No Deal?
The property is a four family with some updated electrical and plumbing. The neighborhood is C rated area. I attempted to run a few quick numbers based off of statistical data and current rents. I would greatly...
Winston Spence
Anyone Heard Of Or Use HelloBlair.com Answering Service
I am looking for a live answering service to take my calls. Is helloblair.com a good company. If so, let me know your experience. If not, what live answering service would you recommend?Thanks!
Jennifer Bott
Tax treatment for Removal of Underground Oil Tank
We are having an underground oil tank removed on one of our investment properties, for $2100. How is this treated for tax purposes? Unsure if it's considered an improvement to land in which case I would have to add ...
Shawn York
SmartMove Background Checks - FLAME!
I HATE this site!! After several attempts of inputting what I KNOW to be my correct password, I still can't log in, so in an attempt to get in, I use the forgot password link... which of course DOES NOT WORK!! And in ...
Edita D.
cost basis for depreciation: county assessor's or insurance company's?
Hey guys!
Do you use the county assessor's statement or the property insurance's replacement cost as your COST BASIS for the building/structure of your property?
According to property assessor, the cost basis of the s...
Julio Gonzalez
Important Things to Consider Before Filing Your Taxes!
The CARES Act was effective in 2020, however a lot of the tax laws and rules that were passed are still able to be utilized for your 2021 taxes. Here are some of the key changes that occurred as a result of the CARES ...
Sherry Hackett
Buy It - Fix It - Stage It - Sell It
Investment Info:
Other fix & flip investment.
Purchase price: $182,000
Sale price: $235,000
Originally purchased this town home as a rental property. During the next 12 months, I spent time off ...