Alex Corbishley
Gifts for tenants this year
This year more than ever we thought it would be appropriate to give something to our tenants. If you paid on time all year and had been with us since Dec 2019 we gave them $100 gift card to a local business. Half th...
Rich Weese
Ca sucks and TX rocks (and also St George,Utah!)
I just had to post this article...Area has to show 6 months of constant improvement in 3 categories to qualify. I love the fact that I've been building and touting St George, Utah and SO tx for sometime. Just before t...
Sheena Drake
bank offering less money than expected
Looking for opinions.........2/1 SFH in Missouri. Bought for $33,500, B/C neighborhood. We have rentals in this same area so expecting $750-800 rent. Taxes, insurance $1000 together for the year. Nicely fenced in ...
Sandy Uhlmann
Is there any way to add rehab costs into a property I plan to buy for 1031 exchange?
When doing a 1031 Exchange, is there any way that I can purchase a property that needs fixing up and have the actual property acquisition price plus the rehab price considered when doing the Exchange? I have a house t...
Robert Leonard
Owner-Occupied Mortgage PMI - Through Forced Appreciation Only?
On my personal residence (a property I plan to rent out eventually), I have a conventional 30-year fixed mortgage with Wells Fargo. I purchased the property back in April 2018 and only had to put 5% down. Due to some ...
Gil Enav
Question about refinancing in small multi family
Hey all, My wife and I are house hacking a duplex which we closed on back in February. The house is four levels with one common stairwell, each level having it's own separate entrance. I've looked into having the hous...
Jennie Chen
using 1031 excess fund to do renovation possible?
Hi I am doing a 1031 exchange. 330K in the fund, only one of the 3 identified properties is going to work out, and on the form the value of the property was 200K, i will end up buying it for 230K. this property is cu...
Jane A.
Rental expenses at Tax Return
There is an official guidelines that yearly repairs and improvements expenses for a rental property should be below 2% of the purchasing price. For example for 100K Douplex we will spend no more than $2000 during the ...
Account Closed
Build to Suit 1031 Exchange
Hello,I am currently in a 1031 exchange build to suit. I have already set up the EAT and currently doing construction. The construction is paid for by me and not through the EAT. My construction will cost enough to me...
Jason Kimery
Question about deprecation
I own my home and would like to buy a new home to live in while turning my current home into my first rental. I have significantly improved the value and it has probably appreciated a bit on its own. My question is do...