Sell: $500kBuy: $400k + $150k renovationIs there anyway I can make an exchange work with this scenario where I'd be buying in at a lower cost than my like-kind sale but the purchase would have a higher total cost basi...

Hey BP's,
We are in contact to sell condo #1 in NY, fully depreciated. We are entering into contract to buy condo #2, in FL. Closing dates will be on about the same day, conveniently. Using round numbers, sale price ...

Hey everyone. I am currently turning a unit and doing some minor repairs to my first unit to get it rent ready for my next tenant. Its only going to cost about 3k to get everything done. I have a contractor, who is am...

Hi everyone, I know that when you work or expend money on a house that you got from a tax deed in Alabama and is redeemed you get back your expenses but what about a tax deed that is just land with trees, do you get b...

I had this odd idea that someone should create a service where they will analyze a potential deal for you. Like you submit pictures and repairs needed. And they will run the numbers for you. But there might be to much...

Just bought my first triplex! Currently the renters are paying $300 under market, and they are on month to month verbal agreements- no signed lease. The renters have been there for 3 years, and keep they're places ver...

I have a house I have started to work on in one tax year and continued to the next year. I assume that I cannot depreciate the house till it is ready to receive tenants, and it is all depreciated over the 27.5 years ...

I just purchased my first investment as a house hack, with the intent of living there for a year or two, and I am seeking clarification on a few things relating to the accounting side of this. The property is a 3-unit...

The idea in apartment complex or hotel searching is that you need to find something that you can immediately improve (then probably refinance).What should you be looking for exactly that lets you know you can improve ...

I purchased a property recently for X amount of dollars. I put 12k into it. This was for appliances, ac, electric and other cosmetic stuff. When figuring my cap I allow 20% for vacancy and maintenance and also PITI...