Matt John
Rehab costs - add to basis or take loss that year?
When you purchase a property and immediately rehab before renting out, do you add the cost of the rehab to your basis of the property, or do you take a loss that year? Does it make a difference if you have a bunch of ...
Thomas Kuebel
Home Partners of America
Does anyone have any experience working with Home Partners of America? I am working with a buyer on a VA loan who may want to rent to buy. If you have advice, please help.
TK
Humberto Garcia
Should I buy this 4plex? $94,000
I have the option of buying a 4plex at 94,000 (Cash) that's generating 1,460 a month and 17,520 gross yearly. They all are occupied at 365 a month and are paying there own utilities. My NOI would be 13,156 and I got t...
John Lubin
Shouldn't Prop Manager handle eviction?
My property manager is saying an eviction will cost ~$1000 for a lawyer. Shouldn't the property manager handle the eviction process themself, otherwise, what am I really paying them for? Tenant paid last month ~ 20 ...
Kim Hopkins
Calling All Neighborhood Non-Anchor Retail Pros!
Hello! We are experts in multi tenant industrial but we're looking at some neighborhood non-anchor retail centers to purchase. Would love some help from the pros here on assumptions to make for high level underwriting...
Gabriel A.
How negotiable are most REOs?
Obviously this will vary a lot. Can someone just give me a sample number of asking price and final sales price of an REO?
Donald Moreland
Applicant is trying to trap me into an ESA violation
I own three rental homes in Central Texas. After a recent full remodel, I listed one for lease with no smoking and no pets. One applicant listed two persons and a cat. I decided to waive the cat and we started negotia...
Kenneth Garrett
Building Code/Code Enforcement Questions
I have been a Building Official/Zoning Administrator for 20 plus years. If you have questions regarding code matters feel free to reach out. It may be another perspective you hadn't considered. Since becoming an in...
Mariah Porter
I found a corroded drain hidden in a basement bedroom
I've been having some mysterious water issues and my carpet got flooded in the dead of winter the other day. It seemed very strange because I did a test with a pressure gauge and there was no plumbing leak, and the gr...
Nick Ung
STR property in Waikiki
Aloha! I am looking to move to Hawaii with my partner from the San Francisco Bay Area due to flexibility of working from home. We are thinking of acquiring a STR property in Waikiki resort zoned area or NUC units. I a...