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
Jacques Ikolo
Deconversion Permit: converting bathroom into a closet
Hi does anyone know how to pull a deconversion permit on the Chicago city website? I've been searching for two days and the city hasn't responded to my email/calls yet. I am deconverting a bathroom into a closet. So, ...
Brianne Leichliter
Radiant Heat (Radiators) or Convert to Baseboard?
I'm looking at a duplex that currently has separate furnaces, both being boilers with radiant heat (radiators, not ceiling, floor or baseboard). The second story unit can easily be converted from a 1BR to a 3BR to max...