Mary C. Mathews
I have repair/replace warranty but tenant buys new fridge.
I have tenant in townhouse in Illinois with no lease now. I have contract with Warranty Co. for appliances - if appliance cannot be repaired they replace it.On Monday tenant says there is a leak from ice maker. My War...
John Parshall
Buying duplex with section 8 tenant. How can I replace tenant?
I have googled this and not gotten any dependable answers. What do I need to do to cancel this section 8 relationship? What do I need to be careful of? Can I terminate this agreement when lease is set to expire with p...
Nolan Marshall Jr
When is it time to sell?
So I've owned a few properties now for several years - oldest 24, newest 5. A great time to exit was last year, but didn't pull the trigger for tax reasons - high priced 1031 exchange didn't seem like a great time. ...
Kiran Dhillon
In 1031 exchange can you buy a replacement property with a partner
Hi All, I had owned a property on my own name and just sold it last week and transferred the money into 1031 exchange. I want to know if i can buy replacement property with a partner. I Sold the property for $500K a...
Alex L.
Buy and Hold Remodel: Would you replace a 80% furnace from 1999?
I'm remodeling a couple of older houses in the same neighborhood with the intention of cash-out refinancing them in the upcoming weeks. They're both the exact same type and layout of house, however one had the existin...
Rami Santrisi
Buy & rehab last year, sell this year, what to do for taxes?
Simple answer might be: consult CPA / get one. I'm trying to see if there's a rule of thumb of sorts.I recently rehabbed a home late last year, and spent a lot of money doing it (it exceeds my income from my normal jo...
Jamie Derasmo
Buy a house with a bad septic? Can't be replaced until Spring '22
I'm looking into a SFH to either BRRRR or flip. (I know I'm putting the cart before the house with this question but I'm still running numbers and market info). The septic failed it's inspection and will need to be fu...
Jhansi B.
Rentals: sell now or keep renting
Here is my situation. I am really tired of tenants that feel entitled and stories they tell when the check bounces. Property management is not something I can live wifh, I manage my own properties.I feel like I am man...
Corey Demuth
Where do you buy LED light bulbs (like the ones that replace regular bulbs)
Where do you buy LED light bulbs? I tried these out about a year ago and they are simply put, AMAZING. If you aren't using these in your home, stop what you are doing and go buy them right now.CFL bulbs give off terri...
Account Closed
Replacing an HVAC -- Should I Buy a New System or Do an HVAC Rental?
My fiancee and I are in the process of prepping her condo to rent. This is our first rental, so we are very much rookies. The HVAC (heat pump and furnace) are both very old and will likely won't last through the upcom...