#occupied

Owner occupied rental property

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Owner occupied rental property Hello, I work in the commercial real estate space and am considering buying a rental property. I heard there are some special ways to borrow on properties with 1-4 units, provided the owner occupies one of those units. I’m willing to do that — but want to do my homework and understand if this is the best way to go about it. This will be my firs…

Reddit Personal Finance 460 2024-11-10

Owner occupied rental

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Owner occupied rental Hello, I own a 2 bedroom house and I rent out one of those. In terms of tax calculations, my understanding is that I can write of 50% off all repairs, and depreciate the portion of building accordingly (50% of cost minus land) However I have one question that is intriguing me— suppose my roof leaks and I had to replace it for say $25k; can I als…

Reddit Personal Finance 1.3k 2023-12-15