HI! So I purchased my first property, a 4 unit building in the west suburbs of Illinois, this summer. I was initially quoted $1750 per year for insurance coverage from a local company. Then the inspector comes out an...
My rental condo is at a point where I need to replace the water supply lines in the unit. The existing plumbing are the old polybutylene pipes that become brittle over time (30ish years) and are prone to developing l...
House for sale at $55,000 with 10% down. 30 years at $246 a month and $85 a month in taxes. It's currently renting for $670 a month with a tenant that's been in it since 2011. The home is 4bedroom and 2 bath built in ...
Hello,We have a general question about recording for tax purposes HVAC replacement in a single-family rental property.
For the scenario below - is there an option to deduct the expense (fully/partially)?
Scenario:
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*This link comes directly from our calculators, based on information input by the member who posted.
Hey guys! My name is Andrey and I am from Saint Louis, Missouri. I am accountant by trade and also very interested in learning about real estate investing. I would like to get involved in helping real estate investors...
I am looking to rehab a home (purely cosmetic) in Los Angeles County. I have been doing a lot of research about costs and I will be getting bids from contractors. It will new kitchen, floors, redo bathroom from head ...
Hi all! I've been binging on BP podcasts and recently just made my first offer on an income property back in my home state of Michigan. Link to the BP analysis: https://www.biggerpockets.com/calculators/shared/7...Hig...
I rent a 1000 sq ft ranch built in 1969, inherited from my father two years ago. Prior to renting it, I had the boiler and septic systems inspected and found to be working well. My first year tenants had no issues, on...
Recently purchased a SFH in Rochester, NY to convert into a rental. We applied for the certificate of occupancy and got flagged in nearly every single room for the WINDOW SILL/SASH with the following code violation:T...