Archive for the 'Renting & Real Estate' Category

Can I deduct home improvement expenses if I am reporting rental income from renting a room in my home?


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sunfish024 asked: I have a 3-bedroom house and I rent out one of the rooms for extra income. I have also invested several thousand dollars in home improvement last year, much of it on repairs to the extra bathroom used by the roommate-tenant.
Does anyone know the rules on reporting the rent obtained from the roommate, [...]

If I own a rental property and I purchase home improvement supplies?


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Honey22 asked: If I own a rental property and I purchase home improvement supplies (drywall, insulation, flooring, lighting etc…) for that rental property, can I claim that at the end of the year in my taxes. Are there any stipulations as to how long you have to own the property and be renting it [...]

If you have a lien on your house can you get a home improvement loan on the property?


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juju b asked: The property is financed through a private party, not a bank or mortgage co. Can you get a home equity loan to fix it up? Or a home improvement loan? even though there is a lien on the property?The 6-Week Extreme Life Makeover

Technorati Tags: Bank Mortgage, Home Equity Loan, Home Improvement Loan, [...]

well why does the Home Improvement cost more than usual real Estate housing projects ?


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toddk57@sbcglobal.net asked: ok : here’s an question about the Home Improvement why does it
cost more than a Regular Housing Project called Interior Decorating ?
Would you please Explain the Cost
of Real Estate and why certain Housing
projects don’t get approved ?Home Remedies For Better Health

Technorati Tags: Home Improvement, Housing Project, Housing Projects, Interior Decorating, Real Estate

what are some of the details of a mortgage with a home home improvement loan?


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Fordie_ounces asked: Im looking to buy a house that needs a good amount of work. I dont have extra money to pay for the remodeling. But I have read that i can possibly get some sort of home improvement mortgage that will give me extra money to fix up the house. Rather [...]

Would it be better to get a constructon loan to cover purchase price and home improvement than a reg mortgage?


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John S asked: I’m asking because it seems more logical to get try to get the construction loan because you can cover the purchase and draw out for home improvements and won’t be charged until you draw.
DOES ANYONE HAVE AN OPINION?The 6-Week Extreme Life Makeover

Technorati Tags: Construction Loan, Constructon, Home Improvement, Home Improvements, Mortgage