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Hi, One of my townhome rental in Hampton, VA recently encountered a fire accident and unfortunately resulted in a total loss. The insurance adjusted (IA) mentioned, it will have to be re-constructed along with adjacen...
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Hi BP,If you have an investment property that you did the BRRR strategy on but want to eventually do a 1031 Exchange, does the capital gains credit based off of the original purchase price or the new loan on the prope...
Hi,
I'm a new investor and I'm trying to find the best ways to determine market values of homes in an area I think I may send mailers to. I'm noticing there are so many houses for sale and the prices are very incons...
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I am looking at a fixer upper that is listed at $285K in the suburbs (SFH). I took the average price of all similar sized (4B2.5B), listings within 1mi, and within the past 6mo and the ARV that I got was about $370K. ...
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Hello everyone,
I have been shopping around for lenders to help me with my refi. Most offer the usual 70%-80% LTV at around 5% for 20 years. But I found a lender that would give 80% LTV at 4% interest for 30 years...
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I have been reading about depreciation recapture and understand it pretty well. However, there is one question I cant seem to find an answer to. Upon sale of a rental property I find that I have a capital loss. How...
The following scenario is a hypothetical but fairly close to the real life situation I’m in. I’ve simplified things in the scenario for clarity.Five years ago, two others and I formed an LLC to purchase a multi-housin...
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We just had a fire at a tri-plex. Occurred in an occupied unit with no one home in that unit (no one hurt), fire has investigated and they believe they know the cause, but are not 100% certain. It does not appear th...
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I am have two insurance agencies to choose from: one of them puts themself out there as "specializing" in real estate and the other is a general purpose one. I've done business with both of them through companies I w...
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I don't know if this is the correct subforum to post this in, but I can re-post it if needed.To preface, this conversation, I am located in Houston. It's boom time right now in this city, and property values are on fi...