Mike McCarthy
Wise to replace boiler for increased ARV?
In the midsts of a renovation (BRRRR) in a nice (A-level) neighborhood. Always looking for ways to improve the ARV, and have one upgrade that I'm on the fence about.The gas boiler for this 1920's house is pushing 40 ...
Coco Zuniga
Holton Wise Property Group out of Cleveland, Ohio-any experience?
Hello fellow BP'ers! I was researching the Holton Wise Property Group in Cleveland, to possibly invest in a turnkey property. I live out of state. Has anyone had any experience with this group? Or do you know of an...
Rick Alvi
Roof 20+ yrs old - Homeowners Insurance Question
Hello,My insurance broker said it's hard to find insurance in Texas with a roof that is 20 years old. I am getting conventional/traditional financing for my first home and I'm interested in a house in my preferred nei...
James Wise
Yo! Out of State Investors! Stop doing this. We are laughing at you.
For those unaware, I do Property Management in Ohio. The majority of our clients are out of state investors. Usually from places like California.
For the last decade+, every single year, without fail, we get 1 or 2 r...
Morgan Granger
Are new windows worth the investment?
Hi guys! My boyfriend is looking to sell his house in a couple of months. He have very outdated wooden windows. Would it be worth the investment to install new windows in the entire house? The estimation we got on the...
Andy Sabisch
Question on property insurance type
Quick question . . . . for rentals, would you select a policy that is based on the replacement cost or the actual cash value? Obviously the replacement cost on an older structure is 2X or better what the property mig...
Jack B.
10-31 mortgaged property for multiple paid in full properties?
So can I:1) Sell a paid off rental property and 10-31 exchange it for two mortgaged properties so long as their aggregate value does not exceed 200% of the relinquished property?2) Sell a mortgaged rental property and...
Daniel Paloscio
Should I put in new windows?
I just bought my first duplex recently. A 3/1 2/1 block, built in '73. I'm going to live in the 3/1 for the next year or 2. Would it be a wise investment to buy new windows for the property? It has the old roll out wi...
Chris Schwartz
Trying to estimate repair costs of a fourplex...
I have found what I believe is a fairly good deal on a fourplex in my area. The fourplex is nearly 50 years old. I just received the seller disclosure and I am trying to get an idea of what the repair costs are go...
Burt L.
What Are Other Downsides to a 1031 Exchange I Can Tell a Seller?
I've been speaking to a seller who relocated out of state due to work in June, 2011. He lived there for at least 2 years, so if he sells before June, 2014 he can avoid the capital gains tax. His current lease with ...