Hello BP, does anyone have any experience with replacing a front porch?

The proposed bill would replace Fannie Mae and Freddie Mac with a new government entity that would act as a new federal regulator for the mortgage industry and would administer a fund to cover losses on mortgage backed securities.

However, my contractor said that the foundation and structure of this house is still solid. it's looks like that the electrical boxes got replaced.

If the unit dies and I cannot repair it, I will replace it.

(i.e. if inspector misses that the roof is needing to be replaced he is off the hook and I am screwed because I bought a house with a bad roof).

ARV is a little thin, but if you plan to hold for a long time that isn't a major concern.Is there any deferred maintenance or do you see having to replace any major items in the short-term (garage door, furnace/AC, water heater, etc.)?

Hi Avrohom,My first suggestion would be to talk with your CPA and RE attorney, although if the deal is already done then you can't go back and change anything.In answer to your last part of the post, it's not a "problem" if you don't use all of the proceeds from the sale toward the purchase of the replacement property however any money that is not used will be taxed as a capital gain.I have done one 1031 exchange and this is my understanding.

I've asked the tenant TWICE to make arrangements with my sprinkler repair guy to come over and replace old sprinkler heads and adjust the system.

A substantial reserve would be essential to make it through a general downturn, as it would also be a time when finding replacement buyers would be very difficult.

Since Friday we've completed demo work, replaced a floor joist, and removed an ugly and useless wall (other than being load-bearing, that is) to open the floor plan.