Arnie Guida
New Roof, Expense Or Depreciation?
I would imagine I have to depreciate it... but the bill is separated into materials and labor.Depreciate the materials but expense the labor?Thank you,Arnie
Ray G.
Operating Expense 1120s tax question
Quick question, if i have 10k of liabilities, how do i show that on my 1120s, specifically which line? It's an operating expense..
Michelle Savage
Invest in an Expensive market?
I'm looking at a property in Rockaway Beach, Queens, NY. It's expensive. $1m (I'll put about 30% down) and the rent would be about $6,000 per month. Even though the cOc #s aren't great, should I still invest and hold?...
Amro Hamza
Rehab and Repair expense question
Hello everyone,Long time lurker, first time post. Last year I ventured into real estate and purchased 4 homes to begin my flipping/rental journey. I had worked with a contractor who did flat price rehab and repairs ...
Colby Livingston
House Hacking in Expensive Market
Hello All, Very excited to be apart of the bigger pockets community. I just turned 23 and I am working as a Fireman in Orange County, California. I am saving up and currently about 1 to 1.5 years away from being abl...
Ben Duq
Analyzing Deals in Expensive Markets
I currently reside in Honolulu, and compared to some of the prices quoted in other posts I think this market is very expensive. On average I have calculated price per sq foot to be in the $360+ range, resulting in a s...
Ahmad Nassar
Most expensive house on block?
Im looking at the possibility of purchasing a home in a well known historic district in Detroit. The market is very hot right now with homes in that neighborhood bringing in multiple offers on the first day of the lis...
Erin Kreiger
STR Monthly Expenses/Occupancy Rate
Hi everyone! BP newbie here! I'm in the beginning stages of buying my first STR. I'm still getting the financing part figured out, but while I'm working on that, I've been analyzing properties to help me figure out ex...
Bienes Raices
Cheap faucets or expensive ones
The kitchen sink faucets need to be replaced and I was going to replace them with HD's cheap brand Glacier Bay. However the plumber was there doing some other work and recommended going with Moen because replacement p...
Jeff S.
Too Cheap? Loan expense question.
Planning on moving into a rental and doing some rehab. I have a credit line and other avenues to cash so financing is not totally necessary.
I am contemplating living there 2 years, selling and saving on a 250k gain....