
11 July 2024 | 6 replies
This Duplex was built in the 80s and has good bones but the HVAC systems will need to be replaced soon and there has been no major updates that have been done but this is one of the reasons why i bought it. i wanted to get the experience of being a landlord and renovating and managing multiple properties. but i have a few questions pertaining to the duplex house hack.

11 July 2024 | 4 replies
:(A 1031 exchange is also called a "like-kind exchange" in that you need to replace the INVESTMENT you are selling with another INVESTMENT similar in type.

12 July 2024 | 24 replies
The new winning bid establishes the loss because that is the price it would have cost to replace that exact deal!

12 July 2024 | 7 replies
Also, define how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.
12 July 2024 | 18 replies
Are you an engineer, an attorney, or another investor with less than twenty years around RE with a bad college education?

11 July 2024 | 0 replies
We found other two new violations (Not changing air filter causing AC to malfunction and we had to replace it) and (Not Maintaining yard).Is it ok to update the lease violation notices and resend eviction?

11 July 2024 | 4 replies
I can definitely say that while the bigger fire we had was a pain... it actually worked out really well... in the end we had a much improved property, and we stepped in and did as much of the work we could do ourselves that the insurance company was compensating us at 'retail' rates for... like painting, and replacing cabinets, and other simple tasks.

11 July 2024 | 0 replies
I’m gaining knowledge of costs to replace certain things in the house.

8 July 2024 | 4 replies
I have a trailing collateral lien attached to my 1031 so the replacement property can not be a syndication, but can be a TIC if the other TIC member agrees to the collateral lien.

11 July 2024 | 4 replies
Try educating tenant on appliance and regular maintenance that needed, such as replacing furnace filter. and make sure communication is done properly in right format, like text messages and then follow up with call, if in need of Maintenace repair.