Hello,I have a single family rental, the city will allow me to build a detached garage with an apartment above it and convert the property to a 2 family. The property has a 250k mortgage (4% Apr). and is worth around...
Hey all - I'm getting an appraisal done on my apartment complex this week and I'm wondering if anyone knows: Will an appraiser include the "CapEx" in the valuation? Like, I spent $25,000 replacing the siding on part o...
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...
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...
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...
How do you evaluate what improvements are profitable for rental units?Assuming everything is repainted & clean, what is a good framework to understand the impact of:-new kitchen countertops -bathroom updates-lands...
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 ...
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...