Lisa K.
Decision on replacing carpet due to heavy smoker tenants.
I am trying to make a decision on what to replace the carpet with, damaged due to heavy smokers. Since it was carpet before and I am wanting to do away with carpet upstairs. How would I go about to deduct from tenant'...
Jonathan Paz
1031 Exchange Question - Using Seller Credit on Replacement Prop
Hello. So I have a question and just wanted to make sure I am in the clear. I am doing a 1031 Exchange where I sold a condo property I owned free and clear for $144,357, whereby I netted $133K that my 1031 exchange ...
Ray Slack
Question on Basis of Replacement property at future sale
Example. I bought a property for 100k and sold it for $500k so, I have $400k profit.I 1031 the property above property and buy 2 properties one for $400k and one for $100k. a year later sell the $100k property for ...
Neil G.
Buy Replacement Property b4 Sell Old Property (Reverse Exchange)?
Cousin in NY is selling investment/income property (detached 2 fam) but in the mean time, found a replacement investment property (detached 2 fam) wants to close on instead of having to wait on closing on the old prop...
Stephen Chittenden
Cost for AC/Heatpump replacement in Bel Air, MD
Apparently, the A/C has gone out in one of our units in Bel Air, MD. Got a quote for $5,200 for a 2.5 ton 14 SEER air handler and 2.5 ton 14 SEER heat pump with a 10 KW heater. Looks like they're quoting a Trane sys...
Paul Winka
UGLY BATHTUB: Bath Fitter, Miracle Method, or replace tub?
There are old discussion threads on this, but wanted a fresh perspective with a new thread.There is a dusty rose colored tub from the '60s that was painted white with a DIY kit; the paint is peeling away. I have dist...
Jack B.
Buy 1 or 2 replacement properties during 1031 exchange?
Last time I sold one and bought two replacement properties, and that worked out great for cash flow and appreciation. Went from 10K a year cash flow on a paid off property and 30K a year appreciation to 170K appreciat...
Gloria Sheridan
Calculating % Replacement of W-2 Income with REI Earnings
My goal is to calculate how much of my W-2 income I've replaced so far with my real estate efforts. I've set up an Excel tracker to assess this and I'd like your validation of my approach. I'm already 5 buy-and-hold m...
Jace Holt
Outdoor stairs and landing repair and replace on multifamily.
Hi everyone, I am looking for the best repair and replacement solution for outdoor metal stairs which have rusted and the connected concrete upper landings which have cracked and are falling apart. They are for the to...
Jack B.
Built in microwave in kitchen, how expensive to replace?
Tenant said that using the microwave suddenly trips the breaker. I told them to stop using it for now until I can get my guy out there. It's one of those older kitchens where the microwave is built into the cabinetry....