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All Forum Posts by: Gbadegesin Obisesan

Gbadegesin Obisesan has started 4 posts and replied 6 times.

Post: Appraiser for property in Houston Tx 77005

Gbadegesin Obisesan
Pro Member
Posted
  • Posts 6
  • Votes 1

I have a property in Houston Tx 77005 that is in reasonably good shape but would like to update before I refinance it.

I am not sure which updates would drive better incremental value so I am looking for advice on contacts who may be able to help with this.

Would anyone have a contact who can assist - ideally an appraiser or a RE agent who is very familiar with the 77005 area (close to Rice University).

Regards

Post: Looking for good appraiser in Houston Tx

Gbadegesin Obisesan
Pro Member
Posted
  • Posts 6
  • Votes 1

I have a property in Houston Tx 77007, and I am looking for a good RE appraiser to help me determine

1. The current value of the property

2. The improvements that will make economic sense in this neighborhood.

Would anyone be able to suggest some one you have used before - either an appraiser or a RE agent that can help with these two needs.

Regards

Post: Recommendations for general contractor

Gbadegesin Obisesan
Pro Member
Posted
  • Posts 6
  • Votes 1
Thank you so much Matthew with your recommendation. So much appreciated.

Post: Recommendations for general contractor

Gbadegesin Obisesan
Pro Member
Posted
  • Posts 6
  • Votes 1

Hello,

I am seeking recommendations for a general contractor with whom you have positive experiences in the Houston & greater Houston areas.

Will prefer a GC that can attend viewing (at a cost) to accelerate the process of submitting offers.

Thanks.

Post: Special case 1031 exchange

Gbadegesin Obisesan
Pro Member
Posted
  • Posts 6
  • Votes 1

@Dave Foster, thank you for the very prompt feedback. I will do this right the next time!

Post: Special case 1031 exchange

Gbadegesin Obisesan
Pro Member
Posted
  • Posts 6
  • Votes 1

Hello all,

I sold a rental property recently and received money in my bank account.

Less than 90 days after, i deployed the money received as deposits into two off-plan properties (for rental when completed). One of the properties will be ready in 2023, while the other will be in 2024.

1. Would this type of distribution (off-plan properties) qualify for a 1031 exchange?

2. Does receiving the money in my account and retaining for a few months nullify the 1031 exchange requirement

All 3 properties are owned outside of the United States

Thanks for any input on the subject.