Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
I have just learned ( and of course i am no expert in STR) that in many cities and now it appears Charleston.. that you can do a STR if you owner occupy the property without special permit..so am building a few projec...
I am trying to understand the rules of JADU a bit better. It says somewhere that JADU has to be within the structure of an existing house. Does it mean that I cannot build a JADU connected to me house that is outside ...
We are looking to see if there is any way you can roll a 1031 exchange into building a structure (Capital improvements) on a raw piece of land that we already own. So the exchange would be put towards the construction...
I just ran into an interesting situation. I just got remodeling plans approved by the city, and they gave me a permit, but I was just notified that my plans are in violation of the CC&R's.CC&R's have a setbac...
I bought a foreclosure(3 plex) in Feb. $55,000. Renovated ($30,000) til May 1st when I rented it out. Are all reno costs part of the initial cost basis? I also did another $20,000 in siding, windows and roofing durin...
Hi, there. I am researching flipping market and i can divide it on 3 segments:1. rehab - when someone gets ugly or under condition house, puts a small money to get condition shortly and sale it as soon as possible -...
so long story, but I will try to make it brief. Parents are retired and we're in the market for a condo in which they could live in for the winters and rent out via weekly/airbnb during summer. They found a nice condo...
Which evaluation rules do you use to quickly assess a multi-family's (2-4 units) suitability for a closer look? It seems to me the 50% and 2% rules wouldn't be applicable because of the multiple unit factors for some ...
Can anyone who has owned a property for a long period of time confirm that the money they spend over 27.5 years is approximately the original cost of the structure? Is this supposed to be maintenance, or are capital e...