Nicholas D.
Home Insurance (ACV vs. RCV)
I'm hoping to close on a duplex near the end of this month for 50k cash. The area is lower income, and many of the homes are older (1920-1940's). This property is no exception, it's believed to be built in the 1920s.
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Aaron Peterson
Changing appliance policy
If I have a tenant who is month to month, can I send an addendum for them to sign that says owner is no longer responsible for repairing or replacing appliances? I am managing 15 doors from out of state and I’m lear...
Jonathan Perez
HVAC system 30years old. Should I ask seller to replace?
The duplex I have under contract has a few minor things to repair. One of the things I'm most concerned with is the HVAC system. The exterior unit and the furnace was manufactured in 1987 (which is when the house w...
Jack B.
Anyone ever prefer NOT to do a 1031 exchange?
Looks like it's about 1K per transaction, but the 45 day limit of getting something under contract seems really unrealistic, almost pushing people to buy the first crappy deal. It takes time to find deals and since yo...
Greg Loomis
HVAC, repair or replace for Flip
Hi, guys!
I am in the process of rehabbing a property in Central VA and I'm torn on rehabbing or replacing an old HVAC (15 - 20 years old). We got it to work but the unit is an eye sore.Does anyone have any thoughts ...
Allen Wu
Would you buy a new AC unit or pay $500 annually?
Hi All - I have a rental property closed back in 2015. The AC unit was installed in the late 1980s. The Unit now requires annual maintenance (Freon refill and tune up). The cost has been going up everything year. Rece...
Brady Alford
To replace the roof or not to replace the roof
Hello all,New to BiggerPockets here - and wanted to get some thoughts on whether or not to replace a roof during the rehab of a flip. Comps in the neighborhood are around 150-170k. Here's the issues with the roof:1....
Steve S.
How would you negotiate this regarding air-conditioners
I have a house under contract. Pretty turn key. 20 years old. Seller asked $360k. I got it for $350kHas two a/c units with heat pumps. Both are original equipment. Inspection says they wouldn't repair them. They may k...
Jerry Kisasonak
New Tax Laws: Expenses or Capital Improvements?
I am trying to get a handle on the new taxes codes in regards to expensing versus capitalizing and depreciating. I have heard that the new laws basically state that "replacing" something such as a roof, AC unit, etc i...
Mich Copper
Advice on under kitchen cabinet water filter
I'm about to rent out my condo since I just bought a single family home. I have a water filter under the kitchen cabinet which needs to be replaced. The filter would cost about $150 (or I may be able to find a cheaper...