I have a tax question on water heater replacement. I Know it should be a capitalized expense written off over X amount of years. Last year I replaced a water heater and in doing my taxes using Turbo Tax there was so...
When projecting your returns to present to investors, do you use the NOI before or after Cap Ex reserves and asset management fees? Specifically the sales price.Thanks,
All the automakers out there are making big commitments for rapid electrification of vehicles and manufacturing appears to be moving out of the Detroit area.
The way I see it, even if all the existing auto plants in...
I would imagine I have to depreciate it... but the bill is separated into materials and labor.Depreciate the materials but expense the labor?Thank you,Arnie
Good evening all.
I am still learning and analyzing but want to get into MF units. One thing I am having a hard time with is ARV vs cap rate especially when financing is involved. I understand cap rate is NOI /...
Hi all, Just last week I closed and acquired my first rental. Its a 3 flat in Chicago, I will be moving in soon when the next lease is up, but since I've closed the water heater hasn't been starting back up occasional...
We had a roof damaged in a hail storm and got it replaced and paid (minus deductible) via an insurance claim. This is on a property that had a CSS done on it some 6 years ago when we got it (and placed a new roof at t...
I just finished a rehab of a duplex in Cleveland and moved in a tenant. The city shows up and sticks a notice to vacate because some previous tenant years before I bought the place claimed her kid got lead poisoning. ...
Hello, I am wondering if you guys could help me get a ballpark estimate of rehab costs on a property. It is a 2/1 900sqft house that needs most things done. Possibly a little foundation work (it’s on blocks)new water ...
I've happened upon an opportunity to purchase a Medical Office Condo comprising approx 12.5% of larger development. Purchase price approx 600k. This would be leased, not owner occupied. I have no real interest in ...