Lori Hanshaw
Question about a house
About 1 1/2 years ago, I purchased a house the was bank owned. I paid cash for it and now I only have to pay taxes on it. I am wanting to fix it up and sell it but not sure how to go about getting the money and where ...
Ben M.
What to do with kitchen cabinets in this condition
Can contractors create missing parts for cabinets (like the one circled on the left) so that we won't have to get new cabinets?Can they also fix wood rot under the sink (like the one circled on the right) and just rep...
Edward Burke
Insurance - Replacement Cost well over market value
I have two properties in escrow in Saint Louis City. They are both four family properties in desirable locations (quality tenants).The purchase prices are $349,000 and $290,000. However, as these properties are all...
Jason Yee
1031 Exchange - Difference in sell/buy amount
Here’s the hypothetical situation:I sell an investment property for $1.5mm. Then 1031 to buy another investment property at $1.0mm. Difference of $500K.1. Can I use the $500K difference as a down on a second larger p...
Frank S.
Building small apartment instead of buying - Good or bad idea?
I live in Houston, TX. I've been looking for a small apartment (5-20 units), under $500K, not in section 8 areas, with room for improvements. Does not have to be in Houston but I know Houston the best. I have saved $1...
Brian Cornick
Tenants demanding appliances
I’ve had new tenants in an SFR on a 2 year lease for about 5 months now. When they moved in, I agreed to replace the oven, because it needed some serious cleaning and was about 25 years old. Two months later the dis...
Byron Kim
Washing Machine/Dryer replacement issue
Long story short, I had a repair guy come out to repair a washing machine. While he was trying to fix it and stepped away, apparently my tenant touched a few things and shorted washer AND dryer, making both nonfunctio...
Michael Moskos
Tenant Wants to Replace Appliance
Hello! I own a 3-flat in Chicago and my tenant is interested in replacing the dishwasher . They are looking to service and install all himself and his defined his budget for this. I would replace myself but just added...
Alissa Mait
Strong cat urine smell not budging
I am hoping to buy a condo in a high-rise building. The recent renter had a cat that must have been urinating on the floors the past few years. The smell is incredibly strong. The current owners have cleaned and treat...
Jack B.
Commercial real estate safe from downturns? If not what?
What can you park your money in (other than cash) that protects it from down turns such as the 2007 bubble? I don't believe we are in one now, but when they time comes, I want to put my money into assets that are shel...