Justin Seng
Repairs while tenant isnt home?
What is your opinion on performing repairs while the tenants aren't home? My tenants are fine with me being in the house when they are not home but I hesitate sometimes. I wouldn't want something to happen, that I d...
LEONID ORLOV
Expense or Capitalize .. this is a question ...
Hi fellow RE investors,
I am trying to finish my taxes for 2011 .. The same question that hunts me every year raised its ugly head once again.
Issue #1:
I have two times of expenses, routine maintenance that sometim...
Shane Clarkson
Taxes taxes taxes taxes
Hello everyone.
I’ve came here today in hopes of getting a few questions answered.
Does anyone know of a good free public forum where I can get help when I have a question about my taxes? I’m looking for the kind o...
Sean Britt
Help Understanding Depreciation and Improvements
I am trying to understand how depreciation is calculated with respect to improvements. Please correct me if I am wrong, but my understanding is lets say I have a property I purchased at 200k. Lets say 50k is the value...
Raquel Baranow
IRS is Auditing My Real Estate Business
My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...
Robert Reineri
Primary Residence To Rental Conversion
Converted on October 1st. So for this tax year, I'll have 3 months of depreciation and all those other "taxy" things, right? (Rented the property in one day on market).My question concerns the split between personal a...
Daniel Feldman
Flips: How have you improved staying On-Budget and On-Time
BPers,We have traditionally done a good job of staying on budget and on time with our flips, but our last couple of projects have definitely pushed us to a point where we need to implement some new strategies to impro...
Patrick Menefee
Will a maintenance request impact a pending eviction?
I inherited tenants on month to month leases and notified a tenant that I would not be renewing. They did not leave, so the eviction was filed today. Ironically, the same tenant filed a maintenance request today for a...
John K.
Major Renovations to Rental Property Depreciation vs Expense
So I'm looking at buying a single family house that has great numbers as a rental property. But needs carpet, paint and kitchen/bathroom remodel.
I know the Bathroom Remodel / Kitchen remodel are depreciated...
Mark Saenz
Sell your houses faster
Hey BPers,
Here is a little tip to help sell your houses faster (I did this on Monday and it reminded me to post this method):
TIP: Make sure you are scheduling multiple people at one time to go see the house you ar...