Hello,I am trying to wrap my head around the concept of depreciation. Let's say I upgrade my HVAC to replace old if install new condensation units worth $10000 just for the sake of numbers, how does it impact my depre...

I have few ancient water heaters - older than 20 yo :))) what I would better choose as a replacement. I am planning to hold this rentals for some time.

I am getting close to getting a contract on my second multifamily deal. I am having trouble estimating a accurate cap ex and we are about 20k apart on 330k counter offer. The deal involves 3 separate duplexes (6 total...

I'm hoping to buy a 30 year old slump block house to live in a few years, then sell. Assuming it has been taken reasonable care of the last 30 years, what should I expect to have to upgrade as far as major components?...

Hi guys,We've invested in townhomes up until now, but currently have an accepted offer on a condo.I just received financial statements for the last 2 years. I don't know exactly what to be looking for, but generally s...

Hello,New to the board, I'm in escrow and just found out from inspector that the A/C and heating system is 27 years old, original from 1990. The fan is making a strong vibration that the upstairs bathroom is shaking, ...

I'm being asked to invest in a 50 year old, 200 unit Chicago high rise building.  I'm very experienced with rentals in general and rental complexes with many units and have a good understanding of investment numbers i...

Hello everyone,I'm seeking opinions on the tax treatment of remodeling in certain situations. For example, let's pretend I purchase a house for $90K, misc rehab is $10K, so I'm "all-in" rent-ready at $100K and adverti...

Hi, advice please...I'm looking to cash-out refinance. In Chicago, what elements of a property could help increase value in the appraisal? 
Property built in 2001, things looking bit tired or starting to need repairs...

Seems frivolous and my attorney agrees so I'm not all that worried about it.
Basically a homeowner that had(chose) to replace a heating system not long after she bought the place.
Looks like they are just throwing stu...