What Happened To The BARRRR Method? Remember this article...
A while back, a blog post was published here on BP by @Brandon Hall called: Forget BRRRR: Meet the (Superior) BARRRR Strategy
But it's no longer available. I don't remember what the 'A' stands for. The gist was this: Posting a rental property for rent BEFORE doing the rehab work impacted the way the rehab costs were treated at tax time. Something about being able to write off up to $2500 at once instead of amortizing it over a number of years.
Does this ring a bell for anyone? Any CPA's out there that specialize in real estate investing that could shed some light on this? I just closed on my first property and I'm about to start rehab work but want to post it for rent (eg - Coming January 1st, 2020, Nice home for family etc etc....) So any clarification would be greatly appreciated.
Thank you very much in advance!!!