Mak K.
Property tax on Recent Purchased property
Hi, I just bought a property in November last year and on my tax appraisal, the property is shown way high. Here are some stats:Purchase price $225kAppraised value as of 2018 was $234kAppraised value as in 2019 is $27...
David Kim
Do you have any personal rules for when to file an insurance claim?
Historically, I've been very averse to filing insurance claims for fixing things like broken windows, since I worry about premiums going up too aggressively, and the general ability to get insured at all. I just kind ...
Account Closed
Need help evaluating a "too good to be true" triplex deal
Hi All,I have an offer from a private party and it's not listed on any websites yet. Long story short, I befriended a 75 yr old woman at a dog show and she brought me this offer. No official cap rate or NOI yet.It's a...
Tara Gupta
Looking for GREEN General Contractor, Plumber, Electrician
Hello all,I'm looking to do some sustainable remodeling in the Providence area. I want to find a general contractor who specializes in green remodels-diverting waste from the landfill, replacing windows, insulating th...
Xai Xiong
What would you do? Is there any way to help this guy out?
I'm offering 55k on a 75k property with a conservative ARV of 120000. The rehab project has been somewhat started but can no longer be completed due to health issues. But after a walk-through, its seems there still ne...
Greg Heden
Cost Segregation Study on Existing Commercial Buildings
I am looking at a pretty big tax bill FYE 2022 and really could use some extra depreciation. Open to acquiring some more investment property, but unlikely before end of year. Can I or does it make financial sense ...
Grace P.
BRRRR method and Capital improvement depreciation
If you do the BRRRR method, most of the rehabbing is considered capital improvements that would have to be depreciated instead of deducted. Is there any way around this?
Matt Strawn
HELP!!!!! I HAVE MOLD!!!!!!
I apologize in advance for a lengthy post but I am trying to paint as clear a picture as possible. I recently purchased a home in Florida as my primary residence. The house was remodeled in 2012 and a brand new kitch...
Brett Benjamin
Best way to handle a house/land split & flip?
I had a question that was a bit above my current knowledge level, wanted to get some opinions here (thank you in advance). 2 months ago, my wife and I purchased an investment home that sits on a double lot. My agent ...
Matt Tobler
Bought a home with a squatter in it. What to do?
A few days ago I purchased a rental property in Minnesota. The old owner was giving her uncle a place to stay so he has been living there. They never set up a lease agreement or anything. Long story short, I showed up...