I am looking to close on my first multifamily property. The property requires a decent amount of work. Nothing too major, but a few cosmetic fixes partial roof replacement and a couple electrical issues are the main i...
Hello I have a three family in the New Bedford area and have been having a tough time trying to find someone to come in and estimate for some work I need done. Im looking to have the floor re done with vinyl plank. A ...
Question about the Fha 203k loan that I cant seem to find a direct answer for. Simply put... Can I get the 203k home improvement loan on a home I bought with all cash? ? Any input is appreciated
Looking for some feedback on an idea I’ve been considering. I have an older single level 8-plex on .75 acres near downtown phoenix. The existing buildings only occupy the front portion of the lot, leaving about .4 a...
I am a first time buyer getting closer to closing on my first property and I am using a purchase plus improvements mortgage to purchase then rehab rent and then refinance. My question is when I go to refinance with a...
Reminder:
Ground improvements qualify for bonus depreciation.
This includes various landscaping.
Roads and external parking areas.
Sidewalks and pathways.
Fences.
Utility systems (including the installation or i...
I've been searching for a while here on BP but have not found a thread related to my situation:I've been renovating and renting a property for just over 2 years and may be in a position to sell/close in the next 30-60...
Quick question to the Tax pros out there. I am considering resurficing my rental garage floor with Plyurea and was wondering if this can be expensed or is this an improvement that needs to be depreciated? I suspect ...
I am closing on a property in Austin. This property is being acquired for ~$200K and will require either $25K or $50K work (depending on which path I go down). $30K is new painting, flooring, landscaping, kitchen, b...
I recently purchased a 3 family with very limited parking. Two of the units are occupied and I am having trouble renting out the 3rd unit with such limited parking. We have a winter parking ban in this town and the s...