We are doing a lot of work on a 6 unit building in Allentown, PA. As of today, we realized that since we opened up walls to do the electric and plumbing work, we need to get a building permit. Because it's a commercia...
I will be using my wife's uncle to handle the "skilled labor" portion of my BRRR project. My concern is: he tends to be a little pricy in his quotes, however, the work he performs is top-notch, and he's always bring...
Can a property improvement under $2500 be written off in the year it occurs, even if the expense happens before a renter is put into the property?In the old tax system, my understanding was that home repair expenses c...
(a good handyman) See attached...
I bought a rehab house about a month ago. Contractor starting performing the work replacing the HVAC units, tearing the plaster from three of the walls, electrical wiring being moved, and the laundry being moved back...
Hello Fellow BP Investors:My name is Dan King and I have been investing in single family rentals and commercial buildings in Portland, OR for over 20 years. Since the cap rates have dropped significantly over the las...
Hello BP Community,
I have a question regarding my triplex in Ocala, FL. The property needs a new roof, a new parking lot, and a few other minor improvements to enhance its performance. While I have sufficient liquid...
Contractor agreed to replace my roof if insurance would pay for damages. He came to my door offering his service. To my surprise the insurance company agreed to pay $21,000 for damages. Our contractor quoted us $20,00...
Hey all,Just wanted to clarify but in California if I have repairs that cost over $500 including parts and labor, I need to hire a licensed contractor to do the work. If it's under $500 (including parts and labor) I c...
Hey ya'll, I just moved to the Houston area (not another one) and I'm looking to get started in RE. I know long term I want the income benefits of buy and hold real estate but I also want to do some rehabs and have co...