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Hello,I hope this isn't a repost, but I was hoping to get clarification on the basis for depreciation when it comes to the replacement property on a 1031 exchange. Would I basically calculate the basis for depreciatio...
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Hello!My name is Max and I am a buy and hold investor here living in Cary, NC. Recently I have been trying expand my search for a good deal for rental properties as the opportunity on MLS in Triangle area has dried up...
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We are closing on our first duplex any day. Should I create a new checking and savings account strictly for rents/expenses? What are the advantages, as opposed to using our personal account which in this first year wi...
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Hey guys,Has anyone tried getting title insurance on a property they bought in a tax or mortgage foreclosure by a quit claim deed? If so, who did you use? The response I got in my area is that title companies won't i...
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Could anybody share insight if it would be foolish to try and do an ejectment on your own without a lawyer? This property is in Pennsylvania...thank you
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My mortgage broker just told me that I can't use gift money from my parents as down payment for investment property due to the rules from FHLMC and FNMA. What? I never knew this! The mortgage company can't give me the...
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Hi - my main sewer line (clay) is nearly done for and needs an overhaul. Significant cracks in 5-10 different places and the connection to city sewer is near broken. The entire line runs underneath the driveway for ...
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hi flippers,
I would like to know if you do any paperwork with your contractors. Or you just hire them assign work and monitor. I am reading some books which suggest to maintain contract agreements. I think it is ...
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My tenants keep the double paned windows closed all fall, winter and most of spring. They don't use heat because they don't want to pay for it. The air-tight windows get condensation on the inside glass, to the point ...
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I have an interesting situation. The tenant said they would be out and cleaned up by the end of last month. They left angry and I still don't know why aside from lots of empty nonsensical reasons. The dilemmais that i...