I am looking into doing a couple renovations at once would like to stay in budget with both. Has anyone used a tracker app like HomeZada? If so what was your experience? Do you recommend it? Thanks in advance

I am replacing the kitchen cabinets and countertop in a rental property I own. Normally that would be depreciated over 27.5 years. However, I read an article on bp (I can’t find it!) that suggested if the invoice was ...

Hello. I am almost done completing a half a million dollar gut renovation on a 2 family. I will be living in one unit and renting out the other unit. Am I able to  write off the renovation expenses for my taxes? One C...

Below is a question I have asked my accountant, but haven't really been able to get an answer that I can comprehend.  Generally I am trying to understand whether it makes sense to capture renovation costs at the sale ...

Hello! I’m new to the bigger pockets community! My husband and I recently purchased a 12 unit building. It is 40 years old and my husband has been hard at work with renovations. He is currently using an excel spreadsh...

I’m buying my very first house in North Miami. I’m just starting the process of searching for a property, but I’m trying to figure out my budget. I will have $30K in cash. So my plan is to put 10% down and have a hard...

Hello,I had some renovation expenses in 2020, for which I was not able to issue 1099 forms on time and to send out to the subcontractors. Does IRS accept carrying those expenses over to 2021 if I issue and send out th...

Hello, I'm actively look for my first rental property now and I've noticed that most of the houses I go to needs a little TLC. My question is, what's the best way to come up with renovation funds (ex. the money to fix...

Recent purchaser of a duplex I will be owner occupying. I plan on doing a lot of renovations as well. Should I set up a separate bank account for rent collection and renovation expenses? Is this typical? Thanks!!!

I recently purchased (Oct 2016), renovated, and refinanced (March 2017) my first investment property. I plan to purchase at least one or two more properties this year. I am now getting ready to file my tax returns for...