Amy Zemser
1031 and Construction Loan
Hello Investors, Forgive me if this has been asked on the forum before. I have a rental I can sell for 400k in this wild market. I picked it up for 250 12 years ago. I'd like to use the 1031 to buy a rental an hour aw...
Adam Craig
Imroving your rentals over time.
My main goal with investing is buying below market and hopefully making a lot of money when I sell in 15-20 years through appreciation. With that in mind - does it make sense to improve the property over time to pr...
Matthew B.
Accounting Practices for Rental Properties vs. Flips
I have some fun accounting questions I'm hoping someone can answer.
So I'm pretty sure when I purchase a house to flip, it is recorded as inventory, then expensed as cost of goods sold when the house is sold....
Cynthia Hanke
1031 exchange improvements question
Selling a property and buying another. Going 1031 exchange route. Can't seem to find out about putting money into each house. If I make improvements to the one I'm selling ($5000k in wood floor refinishing and some ca...
Amber S.
Buy land with 1031, then build?
Greeetings! I could use some advice on my 1031 options. I own and rent out a NYC 1BR co-op currently worth around $400K while living in the city suburbs (in a SFH that I own with my husband). We are planning to reloca...
Matt Galbraith
Renting out old personal res - can I deduct repairs on taxes?
Hey Bigger Pockets, new landlord-to-be here.We close on a new personal residence in March and will be keeping our current home as a rental. We will be doing some rehab work to our current home such as replacing some o...
Brett Lee
1031 advice would be appreciated!
I have 2 houses on 1 lot in the Seattle area i am planning on sell and reinvest in another house. I am probably selling our houses for around $325k and the house i am planning to purchase is 280k. My understanding ...
Sam Byrd
Define "Over Improving"
How do you define "over improving?"Is it improving to the point where it increases cost to recoup?Is it improving to the point that the end result is conspicuous relative to similar properties?Both, something else? I...
Daniel Rines
Filing rehab expenses for tax returns
I'm preparing to file my taxes as a land lord for the first time and looking for some help. I own a duplex and live on the second floor but plan to move out and rent this floor. Can rehab costs for the second floor ...
Chris Clemptor
Rental tax question depreciation confusion
I understand that you can subtract from your tax burden on a rental property using depreciation. I also read that it's based on the house value only, not including the land. I am wondering how most people figur...