So, this 3 bed room, 900 square feet, home I am planning on buying HVAC and water heater is out of warranty. I believe the Hvac is 23 years old and the water heater is 15 or more (as I remembered). The seller wanted 7...
Hi all,I am trying to hammer out the repairs and replacements a tenant is responsible to pay for as well as my responsibilities as the home owner. I have been reading on BP and the answers are all over the map. Will y...
My wife and I have a rental that is owned in our personal names. Is it possible to sell the property to one of our LLC's via a 1031 exchange?
Investment Info:
Condo buy & hold investment.
Purchase price: $175,000
Cash invested: $6,000
This is my first investment property. I've been living here since I closed on the property back in Sep...
When buying a home many inspectors that I came across inspect almost everything except camera inspect main sewer lines. Visually in my area Metro Detroit many of the homes in the market were built back in the 1930's ...
If I sell an investment property and put the equity into a 1031 exchange can I use that to pay cash for a house and brrrr?
Hey guys,
I'm under contract for a house that doesn't have room in the budget for new white windows (normally we do new windows all around).
The current windows @ the home are silver aluminum. Is it possible to pai...
2 questions:1. Does your 1031 exchange have to cover the whole down payment of a property? For example if my profit from a sale is 50k but I need 100k for a down payment for the next property can I bring in the remain...
So I’ve had a SFH for 4 years that I’ve house-hacked and now I’ve bought my second property. I will be renting out my first property for $700 above my P&I, insurance, and taxes. I made the mistake of using a realt...
Hello all,Recently I was notified by our manager that a certain component in an appliance in one of my rentals needs repair. After reviewing the monthly statement I realized that the expense was well above the dollar ...