Paul Clements
Tax question on selling principal residence
(I'm copying this over from the buying/selling forum)I've lived in a home for 20 years (it's a 50 year old, 1200 sq ft manufactured home, basically a double-wide trailer, that has very dated decor, drop ceiling, and i...
Obie Gutierrez
Advice for Removing or Selling an Old Mobile Home
Hello!
My family has a mobile home that is in bad shape and has issues with mold and a caving floor (water leak) and roof (tree damage) in certain areas. The mold got to a point where anyone that was in there for any...
Steven Scheibe
Tax treatment for demolition of building for investment purposes
Hi,I am looking for some tax guidance on my first ground up construction. In this scenario, say I acquired the property for $1M and the city tax assessor has it documented that my land is worth 900k and the building i...
Imeh Esen
Question about demolition
Please I need some advise:I have a property that needs to be demolished. The city has cut the electricity line but they are saying I have to pay to kill the gas line. My contractor says I shouldn’t have to pay for it....
Catherine Smith
Wholesale Subdivision Lot Question
I am interested in purchasing land that has a home on it that needs to be demolished and then selling the land as a subdivision lot to an investor and the buyer will demolish the home. Can someone give shed some light...
Mustafa Mo
Demolition cost for 1k SFH
I have a 1K SFH that is stressed property and needs to be demolished completely. How much does it cost on average per sqft?Do you remove the basement and the foundation too. What are the pros and cons of just demolish...
Josh Gaughan
Demolishing a Property and Building from Scatch
Hi everyone,My name is Josh and I'm from Denver, Colorado. I'm completely new to real estate investing but I have some close friends who are fairly experienced investors. I have a question about demolishing a property...
Will Barnard
Another New Construction Success Story
From close of escrow (COE) at purchase to COE at sale, it was 11 months to complete this project. I expected it to be no more than 9 however, I experienced a major delay in getting my custom windows (loss of 6 weeks) ...
Christian Reinertson
Can you demolish a HUD property? if you are planning to O/O?
Hello, I have a scenario where there is a HUD property for sale in the first 10 days of the Owner occupied offer period. It is a complete demolition project and was wondering If I am able to demolish/ build. Are there...
Troy Smith
Fire damaged house in Independence, MO - how to proceed?
Hi Folks,I have a rental house in Independence, MO near the high school. I purchased in 2016 and did some repairs / make-ready work myself. It's been rented and producing well until late May when there was a fire in t...