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For one of my rental properties, I had a contractor do 2 repairs (small roof repair, replaced four windows) and 4 improvements (added support beams in crawlspace, added gutters and downspouts, added basement access do...
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Our group invests in the southeast and midwest market . We are looking to look into the Los Angeles market as the market goes to a downturn.
Questions:
1. What are the typical cap rates for A,B, C markets in LA to...
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Crossposted in Texas forumHi,
I'm in Texas and my dad passed away nearly 2 years ago. I inherited his home which is paid for.
I've been living in it and have done heavy home renovations. I know
that if I put it u...
I converted our primary residence into a rental. I bought the house in 2014 for $160,000. I put about $20,000 worth of work into the property. I converted it into a rental in 6/18. How do I calculate my depreciation b...
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I’m learning some states have laws against door knocking pre-foreclosures/distressed homeowners. I see a lot about “equity skimming” which is very specific and doesn’t mean every investor is looking to skim because th...
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My parents bought a house 10 years ago before the bubble. They bought it for $180k. They rented it for 10 years. Now they sold it for $195k. What is the capital gains?
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I would like to market to absentee owners to both find motivated sellers as well as build a buyers list. I want to use a single direct mail piece to do this. Is it possible? Is anyone doing it?
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I buy a house for 25k cash. Put in 50k cash. Appraised for 130k and refinance for 97.5k. What value do (or can I use) for my initial depreciation number? Obviously I would like to use the larger number so my gains are...
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Hello BP folks,Here is a real scenario for one of my properties with regard to how to use the Safe Harbor for Small Taxpayers, Routine Maintenance, and/or De Minimis options.Property LCT has an original basis (just th...
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I took a week off to satisfy Patrisha's desire to remodel our house (see the pictures here). But, a deal came across my desk. This is a 50+ room hospitality asset. It can be bought at rather low per door basis, even a...