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I'm a new landlord...just settled on my duplex on 7/21. In one unit, I have 3 tenants in a roommate situation. All 3 names are on the lease which clearly states no subletting and the lease runs until 1/2011. One of...
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Hello BP,
I'm located in Los Angeles looking for a contractor, structural engineer and an architect who specialize in properties on a hill. I need to replace a failing retaining wall (~10ft high) that supports a pool...
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Hello!So we have to replace a gutter on the home we purchased since water can overflow right down a wall. The wood facia is completely rotted and has to be torn off and replaced. We also have to get a cricket installe...
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We are having our roof replaced due to storm damage, however, when the shingles were removed another storm came through the area and caused a significant amount of water damage inside the house. Currently, we have a...
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I searched but didn't find any specific referrals. Just posts that say get a lot of quotes because they can vary considerably.Need to replace a supply line from the main to the house. Luckily the main is on my side of...
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Is there a way to legally factor in valid selling expenses like painting, carpeting, new appliance, etc which were paid prior to escrow to reduce the net amount of property you need to replace as part of a 1031 exch...
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I made an exception to a tenant at a single family home rental and allowed a dog. Tenant sworn dog was trained and well behaved and on day 2 of the pet's arrival we have damages to the front door and one interior doo...
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I have a townhouse built in 1968 with all original windows and im looking to upgrade. Im currently taking bids for th job which comes out to be 26 windows in total and im finding there to be a large swing in the quote...
If a 1031 Rental Property, held for 10 years, is sold with no replacement, what forms need to be filled out for the IRS?
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I have another scenario to discuss. Before that, yes I'm doing a 1031 exchange and the funds are in the account now using an intermediary. So here is the scenario:Sold Property for $85,500, original purchase price was...