Jerry Kisasonak
New Tax Laws: Expenses or Capital Improvements?
I am trying to get a handle on the new taxes codes in regards to expensing versus capitalizing and depreciating. I have heard that the new laws basically state that "replacing" something such as a roof, AC unit, etc i...
Peter Aziz
CapEx Accrual when Analyzing a Deal
Good morning BP Family! I hope everybody has had an amazing week and is looking forward to an even better weekend! I'm still on the hunt for a new acquisition and am looking for SFRs or multi units in the Indy area (b...
Chris Boyd
Chinese Drywall
Hey BP Pro's! I need some feedback. I am looking at this 5/4 3850 Sq ft home with CD. How much are we talking to replace all the drywall? The home is in a great area and I'm leaning towards moving in it if the number...
Erica Moore
Owner occupied or multi-family as a next purchase?
I'm new to BP and to REI as well. Currently own 2 single family homes, both purchased owner occupied - living in one and renting out the other. These were purchased before i decided to get more serious about real esta...
Chris Seveney
The Tech Revolution in Real Estate Lending: Are We Overlooking the Basics?
Over the past quarter, I have seen around $1B in defaulted fix and flip loans - many of these from new lenders since 2020 and more of a "tech platform".As we all know, the intersection of tech and real estate investin...
Wesley Emison
Tax impact of renovations on a duplex - Useful Lives
Hello BP Community, thank you in advance for reading my questions and providing me with your thoughts.I have recently purchased a duplex and will be renovating both units. I want to focus this discussion on what use...
Colin Simon
Investing and renovating unit sold by heavy chainsmokers
I'm currently looking at a 2bed, 1ba condo listed at $250k -- comps that are B-grade have sold for $320k in May 2019, and A- grade units in the complex seem to rent for around $1800/month. It's in a good part of town,...
Eric La Pratt
Size + Brand Power Vent Gas Water Heater - 3 Units
What brands of power vent water heaters do you recommend? Not seeing great reviews on AO Smith (Lowes), Rheem (Home Depot + a knock off at Menards). Is Bradford White good?How many gallons should I get? Currently have...
Greg Flannery
Fixer Upper Condo Divorce Buyout
Trying to offer ex an amount for condo were both on title and mortgage for. How do I get an accurate value based on HOA financial health and interior defects? Something in writing I can use in court to argue what the ...
Alex Yaro
Improvement checklist
Does anyone have a checklist of improvements about which I can ask a turnkey provider? Roof, A/C, insulation, etcThanks. Alex