Ron Brady
Replaced sewer line and financing payment - what is the correct approach for taxes?
In July we replaced a broken sewer line for $8,500. We have 0% financing for 12 months. We have the cash to pay it now, but with 0% financing, we are in no rush to give up our cash. 1. Is this a capital expense to be...
Luis De la Puente
How Do You Keep Your Fix-and-Flip Projects on Track in a Competitive Market?
In today's competitive real estate market, how do you ensure your fix-and-flip projects stay on track?
Kaylea Blackburn
Bonus Depreciation with primary residence/room rentals
I am doing some research to explore if you can do a Bonus Depreciation on a home you reside in and rent out (half the home) on Airbnb to traveling professionals. And would doing this be worth it / Looking to reinvest ...
Sammy Lyon
Calculating Depreciation on a Low-Priced Property
Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...
Dana Regan
Partnership approaches
I am starting a partnership for flipping. I am responsible to find the property and funding, my partner does the renovations (the contractor- including labor and expenses) and we share the profit. He wants a bonus o...
Scott K.
How to get a contractor to meet their timeliness?
I've had so much trouble getting contractors to just get CLOSE to what their job time line estimates were. Any tricks or ideas to put into a contract to incentivize a realistic time line? Some kind of money incentive?...
Johnnie Bembry
Should I refinance? Pt 2.
I talked to a lender and I could refinance my house and get $32K out of it. My new loan would be $195k at 4.9% and my current loan was orignall loan was at $170K at 3.8% (before being paid down to $159K). My new mortg...
Omar Malik
Bonus Depreciation in Non-Conforming State
I have a short term rental that I did a cost segregation on and am taking accelerated bonus depreciation. I live in OR but my rental is in AZ. My issue is AZ is a non-conforming (does not recognize the bonus). If I...
Matthew Koch
Curious to know about frequent flyer miles programs
Isn't there a way to own property out of state that I could use as an Airbnb or VRBO or HomeAway program? After that's established in theory couldn't I utilize credit cards that offer frequent flyer miles to then be a...
Jeri Herrera
Commercial Real Estate for Taxes relief
I have seen a piece of commercial real estate on the market for under $70k. It is structurally sound in an area of town that offers rehab grants. It requires a full rehab, roof utils, wall, etc. taxes are at $1200yr....