Patryk Prokopiuk
How can i find if my contractors quote is reasonable?
Backstory: my tenants fuse sparks when reset, no one knows where this fuse leads (I just purchased house 4 weeks ago). Called electrician and he thinks it’s a short somewhere causing it (tenants stated there is a room...
Alice Dymally
Can you sell a Baltimore rowhome with radiators?
I am closing on a flip and my rehab estimate is more than expected. To compensate I am thinking of installing a new gas furnace (instead of all new duct work and forced air & central air as initially planned. I’ll...
Brian G.
Changing Depreciation Write Off
Is it possible to change the depreciation write off amount for tax purposes on a rental property? I was advised to use a 40% land 60% structure ratio applied to the purchase to figure out my depreciation amount (which...
Adrian Pillow
When the county Tax Lien is more than the Property is worth?
I am completely confused on how the math works on City/County owned properties where the outstanding back taxes owed are worth more than the property... (think: vacant lots / teardowns)Is there a way to pre-negotiate...
Michael Cai
Under contract on a house with Incorrect listing information
I'm under contract on a townhouse in North Atlanta, listing has $155/mo on MLS but HOA just notified us HOA fee is $292/mo, which is a big difference. Under Georgia law or RE commission rule, can buyer cancel contract...
Account Closed
Heating Crawl Space with Furnace
I wanted to run this through the forums to see if I can get any input. Long story short, the entire left part of my house is not accessible from the crawl space. There were some water issues from the bathtub drain a...
Jeff Cliff
Things to consider during demolition of the swimming pool
Hello,I am planning to demolish a swimming pool in the backyard as it is not in good shape and the weather is usually on the cooler side so the usage would be very little if at all, besides fixing the pool in its curr...
Jacqueline Mann
I want to see the bank's appraisal and write them a buyer letter
I'd like to make an offer on an REO. It will be a major rehab. Comps are $175K. I estimate repairs at $42000. My formulas tell me to offer $79000-82000. The bank is asking $125K. I'm concerned that the bank will not ...
Dan Brewer
Do You Send your Tenants a Fall Maintenance Letter? What items should be included in the letter?
There is nothing like preventive maintenance! Its natural human instinct to take better care of things we own, and less care of things we don't own. Like a rental property. I think its a good idea to contact your ...
Walter Correia
How to make deal with a property that has knob and tube wiring
My wife and I are currently under contract and we are looking for some advice on how to close on this deal. The property that we are looking at asking price is 224,900 single family home with 6 br, 2bathrooms and 2,60...