All Forum Posts by: Rosie Vidales

Thanks everyone. Yes I am going to have a CPA file my taxes but I was curious if there were any benefits I was not aware of. This property at this time has just cost me money and given me nothing in return :-(

Hello Everyone!! Hey I need some tips on what to do or where to find info. IRS.gov wasn't that helpful. I purchased a gutted SFR in 2013. Didn't start rehab til 2014. Just now gonna file taxes for both years. Can anyone tell me how I get a tax advantage on a property that is not habitable?

Thanks, Rosie

Thanks Lady!!

Hi Jeff, a friend of mine won it in a divorce settlement and didn't want to keep it. 
But I'm hoping I'll fine more properties at this price!!

Hey Will, sorry it's every last Saturday of the month at Bandera Rd Cafe on Bandera Rd-brilliant namem huh? So inventive, lol...

Ryan, I  agree.

Thanks guys for the feedback. Sorry so late in responding but I have trouble responding from my phone so I have to wait til I can get on my laptop which isn't daily

Rosie

Hi Tom, don't have all the numbers yet since we're still remodeling. My brother is thinkiing around $30,000.

Rosie

Thanks guys

Hi Maverick, all of the above, lol. I would flip it only to someone that wants to purchase it as a primary residence because they're the only ones that will pay market value in most cases. I would love to have several rental properties even if I break even now. In the future as I get older I should have positive cash flow which is what matters most to me.

Rosie

It can rent from $900-$1000 It's on the south side of SA. I advertised on Postlets for $925 just out of curiosity to see if I'd get any nibbles and  I got easily 12 responses. I also have a person with a Section 8 voucher for $1000 who is interested. 

So I've come to realize that renting it quickly will be no problem.

Thanks Will----Are you in Helotes also? If so I put on a comedy show every last Saturday of the month at Bandera Rd Cafe.....

Thanks Guys, yes I will study up. 

Any of you ever use FreedomSoft from Preston Ely? That's where I started my research but the responses to questions were few and far between.  So I decided to no longer invest in that program...

Hi Cassandra

I'm sure you're right!! Thanks