All Forum Posts by: Oleksandr Ivanovskiy

Is is worth doing cost segregation study on town home? I am doing major repairs, appliances replacement. Property is about 1200Sq feet.

If it is . How much would it be? What companies do you recommend.

Thank you all.

Respectfully,

Oleksandr

Any advice on what is the best lease option for midterm rental?

PS I will convert my long term rental in midterm in few months.

Thank you all.

Oleksandr

@Himateja Madala

Never let a tenant to repair things!!!!

She can’t legally withhold part of the rent claiming repairs unless of cause you authorised it.

Eviction is expensive,so I would just keep track on what she owe you. When the lease is up for renewal, don’t renew and deduct owed from security deposit.

@Katherine Roberts

Liens have to be cleared. So you need to understand what are you getting yourself in. Basically clearly understand how much you need to pay off the liens and how long it will take.

Dear Jared,

I understand your desire to wipe out this debt. However, life is unpredictable. I get used to add extra to my payment to pay my car loan in 3 years. You can do the same. Itis always good to have a cushion just in case. Besides its 3% interest. You can always pay extra.

Respectfully,

Oleksandr

Looking for recommendations of CPA familiar with real estate in MD or Northern Virginia.

@Edward Heavrin

Well . It’s pros and cons.

Cons. You will have no cash flow if you paying significantly more every month than your mortgage.

Also not too much left for capital expenses (I. E big ticket items).

Pros you will pay it out faster. What are you willing to sacrifice for it.?

@Steven Barr

Yes on all my properties , except the one I did a big value add/capital expense.

@Chris Choe

Good afternoon Chris,

Let me know if you do biz in VA?

I'm interested in the HELOC.

Of cause , I need to see the numbers.

Sincerely,

Oleksandr

@Chris Choe

Good evening,

Are you licensed in Virginia?

This property is a condo.

Sincerely,

Oleksandr