Randy Thibodeaux
City condemned my house
My sister and I are inheriting a house my grandmother built in the early 1970s. The previous caretaker abandoned the house for the past 10 years after a large tree fell on the roof. Roof has many leaks, inside is a m...
Sarimar Hernandez
Title on Mobile Home that needs full rehab
I am a Realtor assisting the buyer on the purchase of a mobile home. The title company sent me the following and I am not sure what it means to the buyer: "Here is where we are at with title on this file, In order to ...
Patrick Moore
High taxes, low purchase price...can it be profitable?
Is there a way to make this deal profitable or should I stop trying to put this puzzle together? I’ve been watching this multi family on the market for some time now. It was up at 220k+ now it’s down to 104k. There is...
Olga Daisel
Tax question on depriciation of new construction
I have the following case, numbers are made up, but the situation is real.I purchased a house in 2021, rented it out, in 2022 I demoed it and build new, finished construction in January 2023 and rented out almost imme...
Bruce Hafford
LG. Commercial Office to be demolished - how to move inventory?
There is a high-end corporate commercial property about to be demolished for residential development. I have access to the 4 floors of commercial office property such as but not limited to cubicles, filing cabinets,...
Tom Wagner
Using a 203k loan to build a new home on existing foundation
Hi all!I am in the early stages of a 203k purchase/investment in Jersey City or Union City, New Jersey (NJ). I have been digging through the guidance and am wondering if anyone has ever taken advantage of the followin...
Joshua Ackerman
Condemned Property in IL
I found a property while driving for dollars last night. I took notice of the condemned signs slapped on all the windows.It's to my understanding that condemned homes have the possibility of being demolished by the ci...
Evan Miller
Property Analysis or a fire damage property
Year Built1963Sq. Feet2,150Bed4Bath2ARV$119,000Total Repair45,000Purchase Price$29,000Holding Cost/Montly (3mths)$1,507.50Buying Cost$1,644Selling Cost$5,263Financing Cost$0Estimated Net Profit$35,078ROI41.80%
** My ...
Elizabeth Rose
Philadelphia rowhome stucco water intrusion - possible negligence by city
I recently bought a 100-year-old rowhome in Philadelphia as part of an estate sale. My original goal was to fix and rent. It's detached - the city knocked down the home on one side in 2018 and a private individual kno...
Bryan M.
Can't get insurance on property
I am closing on a property that has 2 homes on it. One home is ready for a moderate reno. The other is in disrepair and may need to be demolished. The kitchen floor is caved in, mold everywhere and may not be structur...