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5 Negotiation Secrets Smart Buyers Use to Get Better Deals

Berkshire Hathaway

Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations? Besides the purchasing price, your budget should also include other costs such as renovations, structural and environmental assessments, downtime during transitions, legal fees, realty commissions, taxes, and contingencies.

Buyers 49
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Investment Property: How Much Can You Write Off on Your Taxes?

Zillow

You can't deduct capital investments like new buildings, additions or renovations. Your adjusted tax basis in a property is the original cost you paid for the property, plus any amount invested in renovations and improvements (including labor costs on these projects) that you have not previously deducted for taxes. Advertising fees.