Josh F.
Expensing vs. Depreciating Assets Under New Tax Law
I am getting a bit confused about what capital improvement costs for my real estate portfolio can be immediately expensed vs need to be added to my basis and depreciated over time. I am further confused by the concep...
Kenneth LaVoie
Cap improvements vs. operating expenses
A quick newbie question here!
After much great feedback from you and some hand holding from a couple of experienced, generous mentors in my town, I'm in the process of making offers. I have one expenses question tho...
Jessica Seppo
Tax Question for Primary Residence
Hello!My question is if you sell your primary residence before the 2 year mark, can you still have your adjusted basis to avoid paying any taxes since it would be a breakeven or loss including the improvements made. I...
Mike Hamson
Refinancing with Canadian banks within 3 years
Hi BP Canada,I've run into this scenario a couple of times recently and I keep getting vague and inconsistent answers from le banc. Any insight or clarity would be greatly appreciated.Buy a property off market at a se...
Westly Blank
Apartment complexes: are they worth the investment?
Would buying or building an apartment complex be lucrative? And what are the major drawbacks to investing in an apartment complex? How would someone get investors involved and excited about going in on an apartment co...
Rao V.
Tax question
Hi,I bought a Owner occupied home in 2013. Life situtation changed and we decided not to move in the house.After fixing/repairing it I decided to wait till 12 months since we were not allowed to rent for 1 year as an ...
Drake Espenlaub
New Rental 25k in improvements no tenants, write offs?
Bought a duplex in May, it was to be owner occupied for a year, therefore it is my 'primary residence' however it needed much improvement. I have put about 25k of my own money into improvements, 10k in HVAC, 3k Window...
Christian Bateman
Duplex Analysis Help Tacoma WA
I'm looking at a duplex right now in Tacoma WA, the central Tacoma/Hilltop area that is two units both 4 beds 1.5 baths, both units about 1,125sqft. It's listed right now at $239,000 and four months ago was $289,000. ...
Amy Kendall
Our second home/investment
Investment Info:
Single-family residence buy & hold investment in Pleasant Grove.
Purchase price: $160,000
Cash invested: $8,000
This was our second home we purchased when we moved back to Utah f...
Account Closed
Pleh
Okay, so after a couple months of research, learning I've decided that I'm going to get a couple of wholesale deals done to finance the 3.5% I need for an FHA loan. I'm planning on buying a duplex living in one hal...