I’m rehabbing my rental and paying my contractor 21k to do it all. How do I depreciate this for tax purposes? Can I depreciate the total amount over 15 years?

I have just closed on a duplex in Miami which has two tenants on verbal leases paying monthly. The estoppel letters were signed with a lease end date 31st March 2022.
I sent the tenants letters with notice to termina...

I recently had a sewer line repair that was an emergency, our main line basically disconnected from the city line - full blockage. Fortunately, it was flagged at closing so we already had credits at closing that helpe...

I did the BRRRR strategy complete with the rehab and cash out refi.  I currently have the old loan and all the improvements reconciled in quickbooks but what I don't have is the new loan and the large amount of cash o...

Hi folks,I'm working on a Flip (my 1st property) with a JV Partner in Albuquerque, NM.  I'm having a discussion with my accountant at the moment about sales tax.  He's my personal accountant who I'm trying to convert ...

I reached out to a loan broker last week in order to create a mutually beneficial cross referencing relationship here in Austin, Tx. I work with an acquisitions firm here in the local area specializing in finding off ...

I am a new investor from Utah and I am looking to get cash out from my current home to get into real estate investments. I have had my house appraised already and have approximately $90,000+ in equity. We have looked ...

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. ...

With the interest rates on the raise, would it be better to stop flipping and change to buy and hold strategy?

Hi all. I'm a former finance professional based in New York. My wife and I operate a short term rental property management business (TrustBNB) with 20+ properties in Philadelphia and New Jersey. We've doubled every ye...