Ryan D.
Piling Foundation & Raising a House on the Jersey Shore
BP Fam,The property I’m dealing with has 1/4 of its foundation currently on pilings over the water and 3/4 on masonry. I’m planning on maintaining the existing setbacks & building footprint so the structure will s...
Kyle Kyzer
Building Structure vs Building Systems
Hi All,I got recently received this email from my CPA:"The new [IRS] regulations break apart building property into a 'building structure' and its 'building systems' for the sake of the improvement rules and say that ...
Billy Daniel
Improving Value on a Rental
I've bought into the idea that I should try to increase the value of a rental property by 10% in the first year of ownership. I've also noticed that there are numerous houses in my area (Arkansas) that do not have ce...
Andy Chen
Clarification on Opportunity Zone Fund
Hi I have done some research but I still need come clarifications on the Opportunity Zone Fund.If I use OZF to buy a OZ property, do I also need to meet the requirement of substantial improvement in order to qualify f...
Nancy B.
De Minimus Safe Harbor HVAC Question
Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...
Brandon Heimsoth
Repair/improvement and Safe Harbor rules
Newish landlord here. I have a couple items that need fixing at a property I'm managing myself and I'm wondering about the tax implications since they are higher ticket items.Item #1: The drivewayI got cited for a c...
Shane Moss
Bummed out over Genral Plan of Improvement Rule
I just closed on my first SFR today! I've been feeling good all day until I read more about the difference between repairs and improvements. More specifically, I'm bummed out over the General Plan of Imporvement rul...
Buddy Holmes
IRS Rules for improvement to rental property
I am adding a fence to a rental property which is on a pond. It is presently rented to an adult couple, but we want to open it up to families with children. 1) Somewhere I read that for Rental property "improvements...
Todd Connelly
Key West Resident Looking For Help
My wife and I are full-time RV enthusiasts, and brand new RE investors. We only have one rehab to brag about. It was a four-plex we flipped back in 2011. We didn't make a ton of money, but were surprised at how the mi...
Sam Issa
Stuck with city permit
Looking for advice. Last year, I bought a 3/2 SFR in Tampa, FL to fix and flip from a wholesaler. The house was in mid-rehab and was red-taped by the city for work without a permit. I checked with the city and they sa...