@John Chapman Since your insurance payout ($300K) exceeds your adjusted basis ($50K), you’re facing a potential $250K taxable gain.

Thanks for sharing your thoughts.Are there any pockets in GTA or Niagara region where you are seeing value with high potential for long term appreciation? 

Quote from @Sumarde Kristoff: im 16 and i wanna learn more about this business, it really inspires me like i wanna do it, so i joined here to learn more about it so in the future it will be easy for me. so what should i learn first?

You are buying into a business to pass down to future generations, not to mention a vacation home or retirement plan.When I talk about my investments I don’t talk about a 4 unit ugly building in (insert boring/cheap state in the US).I talk about Europe!

I don't see a reason to remove the new supports in the crawl space in the future and based on your picture, I don't think you would need to remove them to put in new floors.

It's crucial to understand the extent of structural and electrical damage, as well as any potential hazards like smoke or mold.

Is the Hanover market something that anyone knows much about regarding its future economic growth in relation to the rest of this central PA area.

In contrast, the appreciation potential for multifamily properties can be higher, especially in markets where there’s a strong demand for rental units.

If you have any more questions especially having to do with financing these future projects, feel free to DM me. 

congrats on your success and future success to come. would love to connect