If I am flipping a house, are the repairs I am making (carpet, paint, flooring, tile, countertops, etc.) classified as capital improvements or maintenance and repair? Where is the line and how do I determine that line?

Hi everyone, I inherited a tenant when I purchased a property 6 years ago and this tenant moved out. Tenant has been there for over 20 years so the unit has a ton of updating that it needs so that the unit is brought ...

Hi BP Community, I've recently purchased @Michael Blank 's Syndication Deal Analysis calculator. I've received a P&L statement from a  broker. However, the NOI is trending in the red, due to recent capital improve...

Good afternoon BP! I'm curious to hear other philosophies on capital expenditures on units they hold. Are you proactive, reactive, or somewhere in between? I have a unit that will need a new roof, it is only a matter ...

Hi All!  I am looking for the right program to begin keeping track of expenditures and receipts.  Currently we have a custom home/spec home business and we just purchased a few rentals which will give us another LLC t...

Hi Pocketeers!I need some assistance.  Does anyone have any suggestions on a program or software that would allow me to create project files for different projects I'm overseeing?  I need to create the project, track ...

I understand that if I do a cash-out refinance on an investment property (Property A), and use the extra funds as down-payment for my next property (Property B), then I can deduct the interest paid on the cashed-out f...

A property's operating expenses are those that it incurs on a monthly or annual basis and are considered regular and continuing. Expenses like this include things like property taxes, insurance, maintenance, administr...

As a property investor or manager, it's crucial to grasp the concept of capital expenditures (CapEx) in multi-family properties. CapEx refers to significant investments made to maintain, improve, or upgrade a property...