Keith Evans
Have a Plan(s) - Looking for Tips/Advice
Just created my intro post, if you're interested in learning a little more about me than what is in this thread please check it out:
https://www.biggerpockets.com/forums/55-new-member-introductions/topics/114...
Julia Newman
Hello! Relocating from CO back to CLE and excited to invest
I've been listening to BP for several months now as we prepare to move our family back from Colorado to my Cleveland roots. We are bringing with us some equity from the Colorado market, and I'm excited to start invest...
Karen S.
unauthorized improvements to a rental
Hi everyoneI am seeking your opinions, suggestions, and input about a situation at our rental property. We have a "good" tenant, pays on time, not too many complaints, etc. Recently we stopped by his place--he was not...
Sean Britt
Help Understanding Depreciation and Improvements
I am trying to understand how depreciation is calculated with respect to improvements. Please correct me if I am wrong, but my understanding is lets say I have a property I purchased at 200k. Lets say 50k is the value...
Yos W.
Rental Property Expenses for tax deduction
As a new landlord, I wanted to ask the veterans on tax deductions for expenses I incur on the rental property.things like: Bathroom Remodeling expenses made by me.. (or by contractor), plumbing expenses for unclogging...
Andy Vasquez
How Do I Complain About Freddie Mac
Freddie Mac created a new (I believe) rule around PMI. I refinanced in November 2021 and now I have ~25% equity in the house. I reached out to discuss removing PMI and they said that they DO NOT LOOK at the current va...
Lisa Monroe
Fannie Mae Deed Restrictions
Hi Everyone,
I know there has been many threads on this 90 day flip topic but I would like to know if this deed restriction applies to buyers using a FHA loan only or anyone.
For instance, I wholesale a property to...
Glenn Cosburn
Form 4562, MACRS depreciation for AIRBNB capital improvements
We spent $40,000 to restructure our house (basically combine two bedrooms to an airbnb unit). I assume I use form 4562 to report the start of depreciation of these capital improvements. If so, I was wondering how to f...
Ethan G.
Thoughts on when to replace Water Heater
I have a rental house built in 2001. The water heater is upstairs in a closet (all of the upstairs is carpeted). I have heard the average life of water heaters is approximately 15 years so we are nearing the end of it...
Sylvia B.
Please explain cap rate
First let me be sure I understand what it is.
Capitalization Rate = Yearly Income/Total Value
Now right here I already have a problem. I would expect "Total Value" to be what it cost me, but apparently ...