Travis Frenchak
Writing off 100% of improvements first year
Is it possible to write off 100% of the repairs/improvements in the first year instead of taking it over a longer term? I put about $70k into a buy and hold this year and would like to write it all off. I understand t...
Joshua Dorkin
Improve Your Networking Opportunities: Complete your Profile
To start this forum off I thought it was important to ask people to fill in their profiles as completely as possible. By sharing information with the rest of the community, you increase the opportunities for yourself...
Winston A.
Building Basis - Improvements made to rental property
I bought a 2-floor building in 2010 for $200,000. I live on the top floor. Currently there is a tenant on the 1st floor. I only plan to live in building for 5 years, and rent out the whole building for another 10 year...
Kevin Felmlee
How much do I improve or rehab?
HI BP. I do a lot of rehabs for Buy n Holds. My next one will be a long term hold as a rental due to various reasons. I could get crazy with this one such as: switch from oil to gas, new HVAC and add central air, win...
John L.
Addressing improvements when converting residence to rental
I'm looking to convert my primary residence to rental before the end of the year. There are some maintenance and improvements necessary to make suitable for rent. For example, I need to fix some gutters and downspout...
Heather Miner
Improvements versus Repairs for Crawl Space Flooding
Last year, we spent $15K fixing a flooding issue in our rental's crawl space. We hired Company A (an emergency flooding company) to pump out the one foot of water and remove all wet/moldy drywall at a cost of $5K. A c...
Connor Dunham
Improving the property plus rising comp values?
Hey BPers,I had a discussion at the local investor get together and wanted to fact check and learn. If I improve a duplex (replace a 35 year old boiler with a high efficiency one, add garage door openers and raise the...
Madison Guran
Maintenance Communication – How can it be improved?
Hi there! As we all know, maintenance can be a big struggle for landlords and property managers. In fact, it's usually the one topic that can relay the most negative reviews due to a lack of communication and wait tim...
Joseph Weisenbloom
Sell as-is OR improve and sell
I have a property that I am selling that has low cashflow and a ton of equity. The rising property value has increased the taxes to the point where it is eating a lot of my cashflow. I am now in a situation where I w...
Robart Luis
Refinancing a Mortgage Can Improve Financial Circumstances
Mortgage refinancing is one of the best way to save money and build finance. It helps you to lower the monthly payments and debt by decreasing the mortgage rate. Refinancing is also a wonderful solution to keep your h...