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5 September 2021 | 8 replies
I agree with @Joe Funari, If you don't want a big tax bill and are interestedin continuing in real estate investing you need to consider a 1031 exchange which allows you to sell investment real estate and buy replacement investment real estate and indefinitely defer all tax on gain and depreciation recapture.
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1 September 2021 | 17 replies
I don't know, but the baseboards are gone, so I bet they were wet for a while and the bottom 2 feet of drywall should have been replaced.
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1 September 2021 | 10 replies
I told him to borrow one of the other THREE from one of the other guys or buy one, and that they were left behind as a courtesy.Babes in the woods.But that did confirm my decision to replace the toilets when I refresh the bathroom, because his response when the toilet clogged was to flush it twice more until it "nearly overflowed" and he said that he's scared to do it again in case it does overflow.
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3 September 2021 | 3 replies
Where is the best place to go to get income replacement from an insurance company for a rental property?
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2 September 2021 | 6 replies
I know little about the maintenance and costs to replace if needed.
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2 September 2021 | 12 replies
An HVAC is good for 15-25yrs and it'll cost $8K to replace...huge difference in assignable CAP X if it lasts 20yrs instead of 15yrs.
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31 August 2021 | 0 replies
Its nearing the time to replace the roof on two of them.
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2 September 2021 | 5 replies
If there are major repairs ahead, selling might be better.If you can find a good replacement, you can 1031 into a single level duplex, triplex or quad.
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31 August 2021 | 2 replies
For example, the dishwasher is older, but still works fine, I agreed we will replace it as I would rather replace now before it fails.
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2 September 2021 | 16 replies
So much for modern technology.