Hey BP Nation, @Yonah Weiss When doing a coat segregation study, how do they establish land vs structure values in a high land cost area? On several podcasts I’ve heard that the land is anywhere between 15 - 20% of pu...
Hi,My rental property is a single-family home. I had to replace the fences after a strong storm last year, which costed $4200 in materials and labor. Is it possible for me to declare it as a repair and deduct the expe...
I am a newbie. Is there a website that I can get an estimate on the re-hab price of xyz location?
For example, I want to know the cost needed to do a basic improvement (for a rental), a medium
level improvement (l...
Is it possible to do a 1031 on a partnered property if the new property is the same split? Can you use some of the proceeds for the down and some for the rehab? 1031 is new to me. I have never done one.
Hi smart people,I have a tax-related question about figuring depreciation basis on a new property received in a like-kind 1031 exchange of rental properties (3-unit for 8-unit). I live, and the buildings are in, Los A...
I planning to have backyard installed in new construction SFH.
I read this cannot be added to the cost basis of the rental property and be depreciated by 27.5 years since it is not an improvement to the property.
Bu...
Hello People,According to the Non-Exclusive Easement Agreement, from previous land owners, I should have unrestricted access to the road that leads to the property. Yet my neighbor has placed a gate across the road an...
I put in a new furnace this year, I known I list it in part III of my 4562, but then do I combine it with the property on my schedule E or does it get its own column?
I’m just getting into the real estate investor frame of mind. I’m moving from the house I’ve lived in for the past 8 years to another state. If I kept the home I’m in, it would be my first investment property. I have ...
Hi, BPers,I plan to turn my current primary property into a rental one within one year. Right now it has 2 bedrooms, after it becomes a rental, I want to renovate it to 3 bedrooms. Should I renovate before or after I ...