Rachel H.
Unresponsive Tenants - Help!
4 January 2025 | 4 replies
My tenants, who have been in the property for close to three years, have become totally unresponsive.
Alex Tang
Opting for Actual Cash Value vs Replacement Cost if Home Damaged by a Fire
12 January 2025 | 3 replies
Not enough information here to answer this question accurately.Is the home a total loss?
Griffin Malcolm
Options for Using Two Vacant Plots of Land
10 January 2025 | 8 replies
He also said my GC could complete the install and knock 20k off the total, which I would do, so the total seems to be 355k to get the home in place.
Katie Southard
Selling Rental before Cap Gains Timeline
8 January 2025 | 10 replies
I would venture maybe $20k total, conservatively.
Tim Hem
Capital Gains and IRS Publication 523
9 January 2025 | 9 replies
I resided in the home until summer 2020 (total 2 yrs 9 months) and then deployed overseas for the next 4 years; selling the home in June 2024.
Matthew Steele
Lost lease, tenant issue
4 January 2025 | 11 replies
When you have a duplex and tenants on both sides stay for ten years, it almost guarantees that something isn't right.I would study your market and determine the value of your rental, because I bet you are losing money every month.
Anna Nickens
Advice for a Newbie
9 January 2025 | 4 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
Ian Russell
1031 exchange question
15 January 2025 | 3 replies
For instance, if there was a total of $250K of debt on those properties that woud leave you with $350K of proceeds to use to purchase $600K of real estate.
Tayvion Payton
Seeking Advice: Is $850K a Reasonable Offer for This Multifamily Property?
13 January 2025 | 17 replies
Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).