Michael DiFranco
How is property depreciation/basis affected after a fire?
I am trying to sell a commercial investment property and am wondering the tax implications.Here is the example.I had a long term tenant, 40 + years. Original Value of Building in 1970 was like $500k.In 2007 there was...
James Wachob
How to define A, B & C?
Lets define A, B, and CThere are many definitions floating around attempting to define investment properties. I like to start with the community in which the properties is located. A neighborhood = 95% homeowner or be...
Andres Blandon
Advice? deal or dud in Augusta, Ga.
Hey guys,I would like some advice/ideas on how to turn around a property I acquired online or how to get rid of it (if it's not worth the trouble).Being prior military I was familiar with Fort gordon, GA (city of Augu...
Jason Abrams
Fighting with City Hall
Hi everyone,
Would love to get anyone's personal experience if they have every gone toe-to-toe with City Hall.
At the moment, I'm the contractual buyer for a single family residence in Greenacers, FL. The house I'm ...
Alfred Litton
Why not ACV instead of RCV homeowner's insurance?
Just a question to elicit opinions. If as an investor, I would NOT choose to rebuild if something catastrophic (tornado, fire, etc) happened to one of my properties, why not carry ACV instead of RCV insurance. If my...
Jose Cervantes
Rental property insurance claim
Hello everyone My name is Jose, I am a newer landlord in the Midwest. I have recently lost a triplex to a fire and it’s a new experience for me. None of my tenants were hurt thankfully and I am working on moving them ...
Ryan Newport
Reasonable Insurance quote
Recommendations for a REASONABLE insurance quote on a 3-family in Meriden? The first handful of quotes that have come my way are honestly absurd.
Zach Sprau
NC - Insurance for LTR that will then be used as an STR
Hello,
Hoping to get some suggestions on rental property insurance. We are getting ready to rent out our property in North Carolina so we need to change from our homeowners insurance to rental property insurance (th...
Brandon P.
WildFire in CA burned Rental House... Insurance tips needed PHOTO
Hi I just learned a day ago that my rental house burned down (see photos) I am looking for tips for when calling the insurance company from those that have dealt with home owners insurance fire claims or have insura...
Ryan Randall
HELP - Insurance requiring Fire Alarm?
My old insurance just dropped me. Said that our property rebuild costs exceeded their maximum. Now, while searching for new insurance through a broker, I'm being told that my building now requires a "Central Station F...