An interesting issue has come across my desk and I am curious if any other LL have bumped against a similar issue.
The general concept, tenants move in on a run of the mill standard annual rental contract. Tenants...
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I'm new to 1031s. Are there any creative rules that might help us in the following situation? Are there any other options I am not thinking of?Background: As my husband and I consolidate properties within our family b...
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I bought a foreclosure(3 plex) in Feb. $55,000. Renovated ($30,000) til May 1st when I rented it out. Are all reno costs part of the initial cost basis? I also did another $20,000 in siding, windows and roofing durin...
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I've recently read and heard a lot about Master Lease Options as a way to take control of properties without exchanging title (at least initially). Theres a duplex Im looking at that is pretty bad shape but its in a g...
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I'm currently managing a small apartment complex, and the owner has offered it to me for below market value on a land contract. Roughly $240K value, LC would be $200K with a 5yr balloon. Balance due in 5 years will be...
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Investing in an apartment property located in a solid C area can be a lucrative opportunity if approached strategically. The most important step is to really be familiar with the area you are investing in. For example...
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With the new IRS clarification out for for 20% deduction on QBI for pass through entities, I noticed there is a 250 hours requirement in order to qualify for the safe harbor clause. Can anyone further clarify for the ...
What have your experiences been with old sewer lines? When have you decided it is definitely necessary to replace them? I have a unit that was really backed up and likely hadn't been serviced for years and years. A...
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A little background about me to better help everybody understand what I'm working with. So in 2011 I got out of the navy and went to a trade school to learn how to work on cars since I wanted to open up my own shop in...
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Hi everyone. I'm Christopher F Settipani from Richmond Hill, Queens, NY. I was born in Queens, spent most of my teenage years our in East Northport (Suffolk), NY, and decided suburbia was not for me and headed back to...