QUESTION: Hello Mike, I understand your reply of repair versus capital expense so my question must not have been clear... When I buy a house to resell that will need some repairs, these repairs are a capital expense as the property is not in "service". To properly see my cash flow in Investor Books PRO when I do a report, I put these fix up costs as an expense (initially). I do this under "repairs and maintenance" The fix ups will eventually be transferred and re-characterized as a capital expense at a later date thus in the meantime allowing my cash flow report to provide useful information for me as an investor. My question is when do I transfer this to the asset? Thank you Mike, Hope that is more clearer-er Steve ANSWER: Great Question Steve! This is probably one of those questions most investors are afraid to ask. For starters, as an investor and business owner
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