Hoang Nguen
Question about depreciation for remodeling of rental house
Dear All,I added two more rooms to current rental house. The remodeling was finished on November 2017 and Tenant moved in these two rooms on December 2017. Below is the list of items in the contract with constructor.C...
Stephen Mendoza
Tax deductible expenses for researching properties?
Under the assumption that there are no "dumb" questions...I am a newbie to real estate investing. Are the expenses I incur researching properties tax deductible? What about mileage expenses when driving out to vario...
Rao V.
Tax question
Hi,I bought a Owner occupied home in 2013. Life situtation changed and we decided not to move in the house.After fixing/repairing it I decided to wait till 12 months since we were not allowed to rent for 1 year as an ...
Blake Clifton
Nice current apartment to crappy VA Loan Rental
So I can't help but ask this question? So I live in a really nice apartment in the Wicker Park area in Chicago. I love the bldg. I've lived in two different units but I want to get into the multifamily game. At my pri...
Vina Real
Would you consider buying a property with a pool?
This property is a $180,000 short sale and has a non working pool. For my first investment property, is it wise to purchase this SFR knowing it would add another expense to fill in the pool? I'm planning to BRRRR it. ...
Tasha Smith
Private Money lender - potential costs/fees?
Hi All, We're considering our first private loan and have calculated our costs based on an initial conversation with the investor. Our question is, from initial agreement through closing, what costs may we incur outsi...
Brad Z.
Deducting Rehab Costs
When rehabbing a property, at what point do the expenses become tax deduction? I realize that it will raise your basis, which will effectively reduce your tax burden when you sell.
Here...
Jeffrey Evilsizor
Limiting Liability
I am a new investor. I have two houses in the Phoenix market under rehab for fix/flips in separate LLCs. I live in Kansas City. I have a trusted friend who is overseeing the rehabs that gives me confidence to invest...
Peter Schiff
Feedback on harsh mortgage terms
I have received a mortgage offer with the wording of covenants and default looking very harsh. Can you share you opinion on what you think about these? --------------
10. Borrower covenants and agrees with Lender tha...
Nathan Roberts
Converting Primary Residence to Investment Property
I converted a property from a primary residence to a rental located in California in 2022. The date of conversion is 5/29/22 which reflects the first day it was advertised online for rent. After listing for rent, I st...