Kendric Buford
Multifamily Newbie - Tips & Feedback (Out of state/Ohio)
1 January 2025 | 12 replies
I did minor improvements to both of those, but unfortunately had to replace the roof on each (Flat roofs suck, lesson learned).
Seidy Lasker
Wash Sale Rules for Options
2 January 2025 | 1 reply
Disallowed losses under wash sale rules increase the cost basis of replacement securities, potentially reducing future taxable gains.This post does not create a CPA-Client relationship.
John Clevenger
AI Intigration in Real Estate
30 December 2024 | 6 replies
It will not replace humans in any shape or form, opendoor tried it, listing spark tried it, they are the two worst companies to deal with.
Tyler Magee
If you had $150k where would you start?
10 January 2025 | 6 replies
Reinvest profits, stay patient, and keep building toward replacing your income.
Donald DiBuono
Creative Finance Deal Need Advice!
9 January 2025 | 4 replies
Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.
Dominic Mazzarella
Turning Challenges Into Opportunities: How I Saved My Multi-Use Property Sale
19 January 2025 | 9 replies
One thought was to replace to large commercial tenant with a company that had a similar profile.
Jason Dubon
Small Multifamily - Maintenance/Expense Project
5 January 2025 | 7 replies
@Jason Dubon I take the cost of all appliances and divide it by 5 (avg lifetime of appliances these days) to estimate annual cost of appliance replacements.
Carl Rowles
Flooded House-Plz Help
29 December 2024 | 14 replies
After assessor comes out and consults with insurance company, they'll send demo guys out to come do demo work and remove wet drywall, insulation, etc. they'll usually put down dehumidifiers and let the place air out a bit to see what actually needs replacing and what was able to dry out.
Dominic Holt
Property Management Recommendations AZ?
31 December 2024 | 10 replies
For example:-A tenant complained about the AC not cooling, so I replaced the entire unit with brand-new equipment.
Nate Pucel
How do you determine depreciation basis on a renovated rental?
3 January 2025 | 5 replies
Do you know if a roof that was replaced due to an insurance payout can be added to the basis?