Erik W.
Self-storage facility - what to look for when inspecting?
I am looking to purchase a self-storage facility that was constructed in 2005. It consists of a mix of 5x10, 10x10, and 10x20 units. All are presently leased via an electronic "kiosk" style system, which also handle...
David Shapiro
Do you replace 13 year HVAC system with R22 refrigerant?
Hi All, I have a 13 year old rental property in Austin that needs 4 lbs. of R22 refrigerant. I'm being told by the HVAC contractor that because of the phase-out R22 is $125/lb. If I'd like to find the leak that will c...
Klyde Waggsdale
Depreciation methond
What would be the best depreciation method when I am only planning on holding a rental property for 5 years?
Thanks
Keith Miller
Chinese drywall
hello all, i have located a home but have found out it has the Chinese drywall issue. i am a complete newbie and haven't even done my first deal let alone one with this issue. the house is marketed at 29 per sq ft hom...
RI N.
Turnkey price renegotiated to accommodate repairs?
my understanding from BP is that a TK property is rent ready with all major systems functional for several years. Thus roof w long life remaining (i.e. 10yrs min), hvac, plumbing and electric all new or much life rema...
Daniel C.
Improvements before or after “in service”?
Hi
I’m closing on a duplex next week. I’d like to replace the siding with vinyl. What different tax implications might there be if I do this before I place tenants, or after, when it is “in service”? I’d obviously li...
Andrew Tripp
Value-Add Industrial Rehab Numbers
We are looking at a value-add acquisition of a 33K sf warehouse asset that is currently owned by a user who is consolidating operations at another location and vacating at closing. We would be dividing down to 4 smal...
Account Closed
leech field
i have a house that i am thinking about flipping. the septic tank was replaced in 2002 but there is a problem with the leech field so it needs to be replaced. right now a holding tank is being used.the problem is, the...
Steve Weinstein
Multifamily Age of Building
I am currently looking at a 10 unit multifamily to purchase. All around looks like it is in solid shape. Of course I will get it inspected. It was built in 1952 which is a major drawback for me. All other aspects ...
Colleen Fiumara
budgeting replacements and improvements
What do you safely budget monthly for replacements and improvements of a multi family such as appliances, roof replacement, renovations, appliances, countertops, additions, etc? I have a client looking at a 12 unit a...