Federico L.
Fix or replace a fridge
The house had an old fridge in great working condition. The small kitchen had white Frigidaire appliances, and I had cabinets painted and cosmetic upgrades but did not replaced the appliances at the time. The fridge i...
Horacio Gutierrez
Paying below replacement cost
Hello,Can someone explain to me why buying an existing home below replacement cost is consider a good buy. What's the idea of buying below replacement cost that investors say will in the future increase the home value...
Kenton C.
Replacement cost value much higher than what I bought the property for?
I am looking for replacement cost value DP3 insurance policies on my first rental property. I paid 71,500$ for the property, and it has brand new roof, plumbing, electrical, and floors. I am being quoted for 171,000$ ...
Martin Lewis
Dishwasher Dilemma What are your thoughts
Hello bigger pockets family. Caution rental property rant forth coming. I have a rental property that I have successfully written for the past 11 years with very low vacancy. This past year I attempted to sell the pro...
Michael Lucero
Tips on house inspection before auction
I've identified a few houses to bid on during an upcoming auction, however, I wanted to hear some tips on how to inspect the house before the auction. Obviously you shouldn't break into the house and even stepping on ...
Account Closed
Would you buy a Multi-Family with a lead water supply line?
Sorry for the double post, but I couldn't edit my last one.Would you purchase a multi family that had a lead water main if you didn't have the budget to replace it? The estimate to replace the one in my situation is a...
Richard Chang
1031 Exchange - Existing Loan and Depreciation Recapture
Hi all,I am considering doing a 1031 Exchange of my Duplex Rental Property which has been straight line depreciated for 25 years. with an existing loan of about $250K.1. If I understand correctly, the depreciation cap...
Kyndall Johnson
Federal Pacific Circuit Breakers
Be mindful of the Federal Pacific circuit breakers when buying or occupying a property. These circuit breakers are significant fire risks and should be replaced ASAP. I purchased a property and lived in it for years b...
Matthew Noto
Question for Landlords
I am currently renting. Our oven caught on fire due to our own negligence and is no longer functional. Is a tenant responsible for paying the entire cost of the new oven and installation or only the cost of what the ...
Melissa N.
Replace water heaters?
Hello all,We are closing on a 12unit next month. The inspection showed there are 8 water heaters that are near double life expectancy (so they are 10 year water heaters but some are 18 years old). Would you replace th...