How to Buy a Rental Property

Buying Process Overview

In this special class, James will walk you through how to buy a rental property from the first meeting with your real estate agent through post-closing. About This Class This class is intended to be an OVERVIEW of the process to buy a rental property with the help of a real estate agent/broker. We have separate classes on finding off-market deals and creative financing. It is impossible to cover EVERYTHING in-depth in a single class. Instead, we have detailed classes covering just about EVERY step in this process. Please check the list of classes for more detailed information. Buying Process … Read more

The Ultimate Guide to CapEx on Rental Property

Maintenance and CapEx Estimator for Rental Property - Advanced

CapEx on rental property (also called Capital Expenses) are expenses to replace parts of the property that wear out over time. What’s the difference between CapEx and maintenance? From a tax perspective, capex of less than the “safe harbor” limit of $2,500 per invoice or item can be written off as maintenance on the property in the year they were taken. Some expenses over the $2,500 safe harbor amount will need to be capitalized over the lifespan of the item. Talk to your CPA or read the Internal Revenue Code for more detailed information on the tax treatment of capex. … Read more