Updated almost 11 years ago on .
Most recent reply
presented by
repairs
hello all . i think this is a tax question . i can do 99% of all my own repairs but my labor is not deductible on taxes . so i want to hire out for repairs up to the point were it starts costing me income. does anyone have a quick way to determine that magic number ?
Most Popular Reply
#3 Marketing Your Property Contributor
- Flipper/Rehabber
- Arlington, TX
- 2,226
- Votes |
- 1,893
- Posts
#3 Marketing Your Property Contributor
- Flipper/Rehabber
- Arlington, TX
From a simple math standpoint, if you do something yourself and spend less on repairs, that would increase your profit.
But in practice, when investors try to do their own repairs, the project often drags out FOREVER. So they "save" a few bucks on labor but end up holding the house for 7 months instead of 3, paying insurance, utilities, hard money loans, etc. etc. while "saving" money on the repairs.