Are there any restrictions to continuing to take depreciation and interest deductions during a long term renovation of a rental property?
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $275,000
Cash invested: $67,150
Sale price: $365,000
Contributors:
Peter Vekselman
Partner Driv...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $165,000
Cash invested: $35,619
Sale price: $294,000
Contributors:
Peter Vekselman
Partner Driv...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $22,000
Cash invested: $30,000
Sale price: $145,000
Contributors:
Peter Vekselman
Partner Drive...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $74,900
Cash invested: $42,000
Sale price: $204,900
Contributors:
Peter Vekselman
Partner Drive...
I spent $16,444 renovating this 3-bedroom apartment at one of my properties.Here's the breakdown:- Kitchen faucet: $76- Thermostat: $30- Bathroom hardware: $34- Toilet: $94- SS stove: $250- SS microwave: $150- SS frid...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $310,000
Cash invested: $15,000
Sale price: $425,000
Contributors:
Peter Vekselman
Partner Driv...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $128,900
Cash invested: $50,000
Sale price: $310,000
Contributors:
Peter Vekselman
Partner Driv...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $116,000
Cash invested: $19,500
Sale price: $198,000
Contributors:
Peter Vekselman
Partner Driv...
I'm getting ready for my first flip project. Is there a rule of thumb of what costs require cash up front vs what can be covered via loans? From what I"ve gathered on a few posts, I believe the hard money loan downpay...