Armand P.
Converting a primary residence into a rental
Hello BP,One of my colleagues is considering converting his primary residence to an investment property. He's lived in the property for 10 years and recently refinanced to take advantage of low rates. His plan is to m...
Chris Franklin
Tax impli's of Converting Pri to Rental?
Hello, thank you for reading and answering this Q.I want to convert my primary SFR to a rental, longterm, selling after aprx 8-10 yearsbought at 280k /owned for 10 yrs. Worth today about 560k. Filing as single, unmarr...
Geoff Eccles
Depreciation recapture when converting to own use
Hi all. Quick question as I’m having a hard time getting clarity via the IRS publications... ;). One of our rental properties is a condo in SoFlo - owned, rented and depreciated from 2012 until the end of 2018, at whi...
Keenan Rusk
Converting Boiler to Forced Air/Central AC
I'm scheduled to close on a 3br/1ba property next week in Edmonson Village hoping to use the BRRRR strategy. The house was purchased for $50k and with a target ARV of $130k based on recent sales in the past 6 months. ...
Alex White
Help Converting Primary Residence into a Rental
I guess my biggest hurdle in factoring this out is the fact that i already has purchased the property and have a mortgage. i think i have all my numbers that i need but its just calculating the ROI. Does it make sense...
Zach Shrader
Value add, garage convert to studio apartment
I bought a house in my local area with a decent sized separated garage. I want to turn this garage into a living space and rent it out. I live in Indiana. I’ve contacted a plumber and got a price on installing a bathr...
Steven L.
Beginner help: Owner-occupied convert to Rental
Howdy BP Community,I am fairly new to BP, so sorry if this is a basic question.I recently listened to BP podcast episode 336 interview with @Robert Jones, and fell in love with his BRRRR-like strategy of taking an own...
Kevin Allen
Converting a s-corp to a llc
Hello, I have a tax question. My old cpa had me set up in a s-Corp. my new CPA, along with everyone else I’ve talked to, seems to think that I should be set up in a llc. She recommended that I leave the two str’s i...
Bethany T.
converting 2/1 into 3/2 homes
I know that 3/2's are what most renters and lease-purchasers are looking for but our market has a lot of very affordable 2/1's. I have seen some homes that have literally added a "box" on the back that contains a n...
Tony Velez
Fha refinance? Want to convert to conventional
Hi,We own 2 homes. Our primary home is an FHA loan. Our triplex is conventional. We are thinking of converting the fha loan to a conventional loan. Any suggesrions?Thank youTony V