Sean Meyer
should i wait to repair until after i move from my current house and before renting
I am currently in the planning stages to purchase a new primary residence and then rent my current residence. It does need a few minor repairs and upgrades. Should I wait to start repairs until after I move to my ne...
Keith Belzner
Understanding my local tax records
Using the following tax assessment what is this house currently worth / assessed at, $322,500? What is "land" and what is "improvements"? I can figure out most of the record. Im curios to know so that when I talk to...
Eric S.
What to do with extra 1031 money ???
Question I will have about 22k left over from my 1031 that I will either receive back and pay 15% taxes on. I owned the previous house for more than 1 year so that's why capital gains tax is that much in Ohio accordi...
Justin Husband
Upfront cost for higher return vs immediate occupancy
My question is this: should I try and get a tenant in my rental as fast as possible or spend the upfront money to improve the home so as to have it appraise more? This way I can get a bigger sum from a cash out refi...
Anthony Capitan
RV Park Tax Depreciation
Hi Everyone,From Jefferson Lilly's great podcast on mobile home investing (ep. 111), I know that mobile home parks have an accelerated depreciation schedule (relative to standard residential and commercial buildings) ...
Danny Frye
Baymont Inn, Hotel Syndication in Jesup, GA
Investment Info:
Other other investment.
Purchase price: $997,000
Cash invested: $450,000
In 2019 the property was rebranded from a Ramada Inn to the Baymont Inn and Suites (improvement). The Ramada...
Lorri Martin
Replacing a torn down 1031 mobile home with a camper
We sold a rental condo and purchased a mobile home on a 1031. We intended to rent the mobile home but it needs more repairs than originally thought. If I tear down the mobile home, can I replace it with a camper as lo...
Matthew Weaver
Bought two houses in one package deal.
Investment Info:
Single-family residence buy & hold investment in Culver.
Purchase price: $37,000
Cash invested: $37,000
Bought this property in Feb/2022. Since then, I made a few moderate upgra...
Account Closed
lease language that prevents residents from attempting repairs
Hi,I am finalizing a new lease and I want to add language that lets tenants know that they are not to attempt any repairs to appliances or other parts of the property where injury may occur to them or property may be ...
John S.
Appraisals & Lenders
I noticed that when I wish to refinance my properties (mostly to follow the BRRR strategy) that the lender always ask if I have made any improvements. They even sometimes ask for the dollar amount that I use.I'm wond...