Parker T.
Insure Rental at Replacement Cost
All,
I'm putting a bid on a foreclosure today at 30k. The insurance company quoted the replacement cost at 160k and with everything else factored in a quote of $94/m. This seems extremely high and doesn't fit...
Rob Saunders
Combining 2 sales into a single escrow?
So the buyer of my 2 duplexes (side by side properties) has asked for a single escrow to save a few bucks. I am looking to do a partial 1031 exchange; around 50% of the total proceeds but not clear as to whether the s...
Guy Yoes
to 1031 or not to 1031?
I own two properties where I live. I may have to move to another state where I have a property there.Do I have to do a 1031 exchange to not pay taxes or can I just sell and buy within the required time frame?Both prop...
Brandon Martinez
Should I equip my rental with or without Appliances
Good Morning everyone,I will be moving out my home next month and will be renting it out. I bought my house last year with a dishwasher stove and a over the range microwave. I do plan on leaving those there. I did hav...
Mariana Rojas
Could I make a 1031 exchange and use as downpayment?
Hi everyone,I have one rental property and I want to find a way to finance a multi-unit building, and I would like to know if could I somehow make a 1031 exchange and use as a partial or a down payment. Thank you.
Talley Haines
Clean and paint cabinets or buy new ones?
Anyone have a ballpark figure on the difference in sanding and painting old dirty cabinets vs buying cheap cabinets from local big box store? This is for a b/c rental property renovation.
Nathan Vu
Buying a rental house with mismatched AC coils
I just got an inspection done on a house I’m planning to buy to rent it out. The main issue is that the interior AC unit is old...installed in 1996 while the condenser outside was installed in 2017. The cooling output...
Michael Wentzel
Question about insurance
Hello everyone,
We are closing on our 2nd multi-family next week. I've found an insurance broker I really like.
So he has been running numbers for me on this new property. It seems like we have a lot of...
Sandra S.
A bit complicated - 1031 exchange ideas needed
Hi all, I subscribed to this forum for some ideas on how to make this work. In 1963, my father was killed in an accident and our farm passed to us, his kids, with undivided interest ownerships. Our Mom had a life e...
Jef A.
Is this Air Condition repair quote legit?
I have been told that my air conditioner "The system unit needs to have Freon up to 8lbs to 9lbs and replace Coil Condenser. Total cost repairs would be $3800.00 " Does this sound right. The house was built in 2004 an...