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Results (6753)
Charles Huang How should do construct this loan?
28 August 2016 | 0 replies

Hi , I am buying a one family home, and would like to rebuild it from scratch, home is around 700k , rebuilding might cost 400k , I have enough 20% down payment and my dti ratios allows me at 800k conventional,

Whats...

Franklin Romine Burn Letter
6 March 2014 | 8 replies

Anyone familiar with a "burn letter"? I have a purchase in escrow. Two homes on one lot zoned sfr. Older homes one built in 1945 the other 1977. Seller financed. Question came up if the property burned down if ...

James Wachob How to define A, B & C?
4 May 2017 | 2 replies

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 bett...

Margaret Feit Can I Deduct Any Expenses During a Reconstruction Project?
12 April 2022 | 0 replies

I had a property that burned down in a wildfire last week. I will have an insurance payout, which I will use to rebuild. For tax purposes, here is my general understanding:The land value on my books will be unchanged....

Giedre Basov Advice for dealing with county and winning time
13 January 2024 | 3 replies

I need fast advice on what options I have. I have a commercial lot that has a small one story building that's been there for years. I was planning to rebuild in the same spot. Now someone has filed a complaint because...

Alex Tang Opting for Actual Cash Value vs Replacement Cost if Home Damaged by a Fire
12 January 2025 | 3 replies

One of my rentals was heavily damaged by a fire after Thanksgiving.  Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost.  The itemized damage estimate tha...

Carolina S. Capital gains tax vs. 1031 exchange
21 December 2024 | 7 replies

Hello BPs community, thank you in advance for any thoughts shared.
I just sold a rental property which had quite a bit of equity from appreciation and principal pay down through the years. I have it all set up for a...

Jacob Elbaum Fire Damage Investment Property
13 February 2024 | 7 replies

Hi,I've found a property in the Indy suburbs that has fire damage.I'm looking to invest in the property, and have mostly been chatting with general contractors to get an idea of the potential costs involved in restori...

Colleen Sharkey Retirement Very Soon - like advice
18 September 2016 | 0 replies

Hi,I have put together my own reirement plan that will include the little understood and much maligned reverse mortgage.  I have worked in the foreclosure industry since 1999, I also flipped then hit the crash and los...

Stef Martin Investing in a property in Zilker area to rebuild
9 July 2018 | 1 reply

We are looking to purchase an old home from the 50's in the Zilker area in Austin to tear it down and rebuild 2-3 homes on this large lot. My question is, in calculating comps what do I use for the comparables?  Norma...