Gene Jung
Mortgage recasting ...when to do
25 December 2024 | 5 replies
I continued paying what I had paid before, with the additional money purely going to principal.The recast to a lower amount was purely to reduce my committed monthly payment to a point that I could get my property to cash flow if I had to move out (job loss, etc).
Robert Bishop
I am 16 trying to get into real estate and have 200k
10 January 2025 | 28 replies
Stock picking is gambling pure and simple.
Account Closed
Paying off Rental or Primary
31 December 2024 | 8 replies
Your primary home doesn't produce cash flow and is a pure expense.
John Gillick
1031 leverage question on partial sale
14 January 2025 | 10 replies
In a 1031 exchange, you must reinvest all $450k and replace any associated debt to defer taxes fully.
Torrean Edwards
Stepping out on faith, but looking for support/advice
13 January 2025 | 7 replies
On buy-and holds we usually replace all the plumbing with pex, no matter what, because galvanized has a life expectation of about 60 years, so I usually take the sooner than later approach.Stick with hard money, like Mach1 or or MKE hard money (Scott Lurie) as they will not leand on a deal that does not pencil out, so you have the added benefit of someone experienced looking over your numbers.
Frank Hotard
First Home Issues and Strategy
10 January 2025 | 4 replies
I'd personally say pulling your water heater out and replacing with a wall mount on demand one, would be worth the cost to have in unit washer dryer if you are staying there or renting it, it would be worth it.its always worth doing the big stuff well and correct even if you are cleaning up after someone, the long term hold always prevails, its just a little frustrating front sometimes, but hang in there!
Spencer Ware
Retired NFL Player 2x SB Champ
13 January 2025 | 14 replies
So someone who is looking purely to maximize potential return (and has unlimited time) is unlikely to find this a good fit.Here are some good websites for seeing the variety of deals that are available for hands-off investing/passive.1) CrowdStreet.com2) 1031Crowdfunding.com3) Ark7.com4) Finresi.comGood luck!
Nina Erlandson
Has anyone used Obie Insurance?
11 January 2025 | 54 replies
So I would caution everyone to make sure the replacement cost for your improvements will realistically cover your actual replacement cost in the event of a total loss.
Zachary Rosa
1031 or not!
11 January 2025 | 7 replies
Assuming that's true, I would recommend looking for a replacement property (or properties - you can purchase multiple in the exchange) with value of at least $725K (selling price).
Nilusha Jayasinghe
Property reserves and personal efund locations
13 January 2025 | 9 replies
I know you said you don’t expect anything major on the properties soon, but I would take a careful look at what is most likely to need to be replaced soon and figure out how you would pay for that if it needed to be done tomorrow.