Nate Pucel
How do you determine depreciation basis on a renovated rental?
Bought a house that sat vacant for a while and renovated it over the course of a couple years. Never lived in it, and much of the renovation I did myself. The area has a couple houses that were renovated and sold, ...
Jose Botello
Repairs and upgrades to one side of a duplex
If I purchase a duplex and live in one side and decide to renovate the side I’m living in. Can I write off/ deduct my expenses for the renovation?I would be doing this to be able to rent it out in the future at a high...
Benjamin Mensah
Financing tips for first time buyer
I am a college looking to buy a triplex for rental, 8 beds 3 baths. I have about 30k saved up; enough to purchase the house in cash. But it needs major renovation, about $50-60k on the renovation. I am also a licensed...
Lillian Shi
Banks provide great Refinance and renovation loan ?
Hi, I am buying a bank owned house in cash, like to apply for refinance and renovation loan together after purchase, any bank recommendation?
Grant H.
Hard money on 4 unit property?
I'm looking for some advice regarding the possible purchase of a permitted 4 unit property, but it needs an entire renovation. During the renovation, the plan is to add a 5th unit in the attic. How will this effect th...
John Hamilton
First solo real estate investment
Investment Info:
Other buy & hold investment in Canon City.
Purchase price: $330,000
Cash invested: $20,000
This is a ranch type property with a 2 bd/1 ba 950 sq/ft house and 3 additional out bui...
Blake Murdock
How to Accurately Calculate ARV ??
Hi All - new investor here! Currently stuck in analysis paralysis trying to find my first deal. I live in AZ but am looking out of state for less expensive properties. The part I am struggling with is calculating a...
Virginia Chan
Bad Experience with ABC Capital
I am Virginia and have purchased a house at Philadelphia on July 2016 through ABC Capital. I have faced the very bad experience with ABC!!They provide a package service not only purchase a house but also renovation,...
Sean Douglas
A unique start to real estate
I am brand new to real estate investing and I am hoping genuinely the BP community can help me out. I am in a somewhat unique situation and would love some references and guidance on the issues I have. I have a home t...
Shirley McLean
Loan for Renovations for Free & Clear home for resell?
I own a free and clear home that I want to renovate and sell. If I get a HELOC or HEL, I believe I have to homestead the house before applying for the loan which means waiting until Jan 1st (I'm in Texas). I don't kno...