Posts Tagged ‘cost’

I bought an apartment in 2007 as a rental property in a different state. The building is still being constructed and I have a loan on this property and am paying mortgage interest. In 2008, I traveled to this location to decide on customizations on the property (carpets, kitchen, and windows). Is my travel cost deductible? I am deducting the mortgage interest. Is this travel cost deductible? Which form should I file? Obviously, there is no rental income on this property.

Also, what are ALL the fees and costs involved in buying a house to flip. I know the basics of renovations, but I just need to know the fees and costs involved in BUYING a home. I also know that once you put a down payment on a home, you just have to pay monthly payments until you sell the “flipped house”. So, just tell me ALL the costs and fees involved and how long it will take to complete the entire process. THANK YOU!