All Forum Posts by: Katie Courtney

@Troy Gandee

Thank you for your input! Maybe we can work together sometime. I see it is very important to identify your exchange property before selling. Do you have all of your listings online?

@Dave Foster

Thank you very much for taking the time to interact on my post. I’ve sent an email to my CPA asking if she had any references but no reply so far.

I’ve also read your article. Very well put information. My next question is, how “like kind” do these exchanges have to be? Can I go from single family to commercial or a large tract of timber property?

Maybe we need to be in touch. Do you offer free consultations?

I have decided to sell my first investment property which is worth $250-300k, no mortgage, located in York County SC. The tenants lease expires July 31 and I plan to list it afterwards. Any advice on finding a QI for 1031 exchange?

I’m looking for any good reading material or people to contact that can help me reach my goals. I’m located outside of a Charleston, SC. Looking to connect with anyone who has experience in this field. Thank you!

The tenants in my property have lived there 2 years now, approaching their 3rd year lease in August. They have always paid their rent on time ($1,750/mo) and have been very easy to work with. Until January of 2021 when they stopped paying rent due to Covid causing them to be out of work.

All my information is coming straight from the property manager. She recently called to get my opinion. I’m unsure of what direction to go in. So here’s some more information. Please tell me any and all thoughts you may have.

The tenants did apply for rental assistance (SC Stay) and have been approved for 4 months of rent equally $7,000. (January, February, March, April). I have seen the applications/ documents proving this. My property manager does not know when SC Stay will send a check. She also told me she is beginning to lose faith in the program because of very little communication within SC Stay. The tenants were supposed to resume normal rent payments in May but have not. Now they are not communicating back with the property manager. PM thinks we should start the eviction process. I think we should wait longer to see if they get caught up AND if this government money is going to come in.

Wow! Excellent information people! Thank you so much!! 

Please excuse my ignorance, but when checking these things do you literally spend time there turning them on and seeing how they work? How long should I run the appliances and hvac ensure they function. My agent sent me inspection reports from the HUD which says everything functions except for the well losing pressure after 20 minutes. I wonder who performs their inspections and how reliable they are. Is there any way to test septic systems?

Thank you very much. I agree with everything suggested here. I am in South Carolina and the winter is not much here, so some basic foam pipe insulation or heat tape typically does the trick. 

Another question, this home is actually on a block foundation. Does this make it any more valuable? 

Newbie here who has watched webinar after webinar on analyzing properties. I'm ready to get my feet wet. I've been watching this particular property online for a few months now, it's owned by HUD and the inspection says it possibly needs a new well, new flooring, etc. basic stuff I analyzed it at $10,000 in repairs and after other expenses, it cash flows 300-400 a month depending on different variables I have thought of. Also CoC 11-12%. This is base hit according to beardy Brandon. I won't why nobody has jumped on this yet in my area.

It’s a double wide. I want to go look at it. I’ve never looked at any properties before with my agent.

What should I look for in particular?

What are the negatives about owning mobile homes as single family rentals?

My long term goal is to rent for a couple years and then owner finance to a responsible tenant once I have paid down the mortgage. What are y’alls thoughts?

I’m interested in opinions on this topic. Investing in mobile homes NOT in a trailer park.