For Example:
Purchase a $50,000 home spend $20,000 in rehab. Sell for $100,000

That results in a net gain of $30,000 of taxable income.

Would I be able to perform a 1031 exchange and buy a $30,000 rental home fre...

I have 2 townhouses and a duplex. Although I have property, I'm still very much a newbie trying to figure everything out. On each property, the insurance I maintain is what the insurance company has quoted me for repl...

I'm in the process of purchasing a property worth about 100k using conventional financing. Do I need to buy Homeowners insurance for the replacement of the home (quoted at 530k), or can I just get Insurance to cover t...

I've got a 3100 foot SFH rental with two different Heat Pump AC units, I think a 3 and 4 ton units. One of the units is about 15 years old and now needs a 1200 repair. The other unit is working but it's 25 years old a...

Hey everyone, I belong to a local REI facebook group which recently had a discussion about carpet, do you buy cheap carpet and replace every time a tenant leaves? Or do you buy quality and hope for the best when you c...

Hi there,ISSUE: A tenant informed me she is responsible for cracking my glass top range and wants to know next steps for getting it repaired. The glass top / cooktop part is no longer manufactured. If the part was ava...

Hello Bigger Pockets Community,My tenant moved out of my rental after 10 years of inhabiting the property. The fridge is failing and needs to be replaced. Question: Should I replace the refrigerator or let the new ten...

Greetings BP,My tenant text me to say that the stove was smoking. One of the jets was smoking. She called the fire dp who shut off the gas to the stove until PSEG comes to check it out. My question is, if I need to ge...

I just shopped around for a better price on insurance and I was confronted with a decision I could not answer. My current landlord policy and umbrella insure my rentals and home I live in at “replacement value.” Ano...

I'm selling a SF home to buy a commercial space for my office and would like to do a 1031 exchange. What if the deal on the property I nominate in the 45 day period falls through, and I purchase another property that ...