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We made improvements to our personal property in 2011. We began marketing the property as a rental in mid 2012. Can we add the improvements made in 2011 to our cost basis for calculating depreciation?
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Any tips as I start the 203k process? Also, Searching for great lender that’s familiar with these loans since I have read they can be complicated.
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Hi BP community - first time investor/participant here, so I'm not sure this post is in the right place, but here goes:I got a HELOC on my previous primary residence which is now my investment property to use as a dow...
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Interested to hear the best way to pull money off a property that is paid off.Heloc?Mortgage?Or?The plan is to consolidate some bills and purchase another house to flip or use as nightly rental airbnb type.The house i...
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Hi,Can you please advise which is better to lower my credit card debt with higher interest rate around 20%. I am considering options like HELOC Vs HELoans Vs Personal Loans. Any other better options out there? Any goo...
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Investment Info:
Single-family residence buy & hold investment in New Braunfels.
Purchase price: $280,000
Cash invested: $25,000
Single family house intended to be my “new” forever house.
...
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Hi All,I have a plan/strategy that i am considering and i want a quick critique to make sure that none of it is fraud and that it is possible.My fiancee and i currently own (since may) a four unit building that we own...
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Hello everyone. I am having a hard time pulling the trigger on my first rental. I want to buy a rental but I only have $3600 in stocks and about 14k in equity. I am wanting to purchase a house that is listed at 79k. I...
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Hi all,Back in 2004, my brother and I acquired a rental property. We split it 50/50 and continue to this day. We aren’t structured as a partnership or LLC, just two bros who bought a house together.Fast forward to tod...
BP-I am currently house hacking my first property (renting by the room in a townhome) and have a new tenant moving in next week. He just informed me today that he is setting up an LLC to be a consultant/private contra...