Joe Wood
Inherited IRA Withdrawal Questions
Hey Guys,I recently inherited a traditional IRA (Non-spouse) and would appreciate additional feedback from those who are familiar with what options I would have. I am looking to pull out about $100k right now in order...
Chase Gruening
Negotiations and Cap Ex
I am getting close to getting a contract on my second multifamily deal. I am having trouble estimating a accurate cap ex and we are about 20k apart on 330k counter offer. The deal involves 3 separate duplexes (6 total...
Eric Nelson
Question about predicable lifespan and damage to appliances
I understand that appliances have a "predictable lifespan". An oven/range typically have a predictable lifespan of 20 years. A tenant broke my 10 year old range. Am I only allowed to charge him for 50% of the cost for...
Gerard Aliberti
Capex Logic for 1st purchase
Hello all, I want to make sure I'm getting my CapEx logic correct for my first purchase. Most examples I see show the life expectancy for a particular item as its full life span. For example, a monthly cost for a roo...
Allison Karrels
How much Cap Ex Reserves do you have?
Right now I am in contract to purchase my 6th rental SFH. I have been putting aside $100/month/property for a while now and have about $10,000 sitting in a cap ex reserves savings account so that I am prepared for th...
John Carbone
Best cooling and heating option quad-plex
Have a quad-plex of 4 1 bedroom units (500-600 square feet each). The current setup has 2 central a/c units which is not ideal. The units are old and need to be replaced. I’m looking to have 4 separate units in each o...
Rob Bianco
Would you sell or hold continue to hold this property?
In 2020 I bought an 11-unit complex from a slumlord in Midtown, Kansas City for $1.1 million. It seemed like a pretty good opportunity as the owner was retiring and the area is being revitalized. 8 months later I've s...
Amol Kench
Deducting repaint cost from rental deposit
During tenant move-out inspection, I noticed wall art stickers and crayon marks on several walls, doors and cabinets. Couple of blinds were broken. Also tenants left several items behind and did not arrange to clean u...
Anthony Simboli
First Time Multi-Family Purchase Help
Hi all,I am going to be investing in my first multi-family house as a buy and hold (will occupy first unit and rent the other unit(s)). My partner and I are looking to purchase in the greater Boston area, so prices ar...
Wes S.
Furnaces
I Live in the Midwest and have a few Rental Properties with older furnaces, I mean 4'x5' Beasts, that are gas guzzlers not to mention they may quit at any time.
I've seen a lot of 10-15 year old Heil's, ComfortMaker'...