Eric Mauricio
Upgrading a dated home…Is it worth it on a rental property?
Hello BP community. This is my first "real" topic that I'm posting and I want to hear your take. So, we bought this home in June and we thought this would be the home where we'd raise our family for a few years. Unfor...
Jennifer Cheu
3 family built in 1900, should I hold back on repairs/upgrades?
Hi bigger pockets community,
I bought my first property last month, it is a 3 family home that I am owner occupying. Financed 3.5% down with an FHA loan, and looking to buy a second property in the same market (east...
Cameron Campbell
What to do with equity in So Cal? Sell, keep or upgrade?
This post is inspired by show #238 @Michael Swan. I have about $250k worth of equity in a SFR rental in a suburb of Los Angeles I bought in 2010. The property about breaks even and the tenants are easy. I made the mon...
Vu Truong
250k tax benefit to upgrade new house or just buy another house.
Hi everyone, I just married last year. Both of us have our own mortgage for more than 2 years. We are looking for a bigger place to live. One of the place will be for my parents . Shall we rent out the other or sell i...
Brandon Hill
If I upgrade my property do I need a property tax reassessment?
I made some upgrades to my property including adding a couple bathrooms. My scheduled reassessment isn't until 2024.Am I supposed to update the city before then or do I just wait until my scheduled year?
Abraham Bar
Need Guidance Building and Upgrading an R-2 Property in San Jose
I'm in the process of acquiring an 960 sft SFR on a 14500e sft in San Jose, CA. My intention is to develop it and rent out.I talked to the city planning department to understand what is doable in terms of building ou...
Michael Bender
How to upgrade and what to expect from 3 SFH to multifamily?
I'm seeking advice and stories from anyone who has jumped from SFH to multifamily homes. I have 3 properties that I'd like to 1031 into a multifamily building. My primary goal is cash flow and to keep personal time in...
Tabi Traughber
Should we sell "as is" or add on and upgrade our apartments?
Hi all! My team currently owns fifteen apartment units, ranging from studios to two bedrooms. We are currently only charging $650/month for rent for the studios and a little more for the one and two bedrooms. We are...
Matthew W.
Can i bury/offet my capital gains in a rental unit upgrade?
If I were to make a renovation on my rental does that cost count 1:1 against my capital gains?
Danielle Hake
100 amps to 200 amps electrical upgrade for 1000 sq ft unit?
Hello! My property manager is telling me I need to upgrade the electrical panel on one of my units from 100 to 200 amps - the cost will be around $4k. For reference, the unit is a 2/1 and around 1000 sq ft. It is half...