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Invest In Real Estate

EP303: The BRA Method for Repairing Rental Properties

By Apr 23, 2018 No Comments

Accounting for repairs and expenses on a rental property is a topic that creates a lot of confusion. However, the IRS has set forth regulations that are very clear.

On today’s show, I’m sharing a simple mnemonic device you can use to determine whether or not an expense can be written off immediately, or capitalized over time. I’ll give specific examples, quote exact wording from the tax code, and share why I love making repairs on my rentals! Come along for episode 303 of Investing in Real Estate!

Book a call with our team: https://goo.gl/dezwHT

Show notes: http://morrisinvest.com/episode303

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Find Out Your Freedom Number Right NowBy Clayton and Natali Morris

Looking to achieve financial freedom? Looking to create true legacy wealth for your family? The kind of wealth that you hand down to the next generation? 

I've found that the only true way is to create passive income through real estate investing. And the only way to start on this journey is to understand your Freedom Number. 

This brand-new free cheat sheet will help you unlock that number using the step-by-step process I use with my own family. 

Find Out Your Freedom Number Right NowBy Clayton and Natali Morris

Looking to achieve financial freedom? Looking to create true legacy wealth for your family? The kind of wealth that you hand down to the next generation? 

I've found that the only true way is to create passive income through real estate investing. And the only way to start on this journey is to understand your Freedom Number. 

This brand-new free cheat sheet will help you unlock that number using the step-by-step process I use with my own family.