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So say you've been depreciating a property for 10 years. Year 11 rolls around and you completely replace the roof. Does that just increase the remaining depreciable balance (basis) for 17.5 years? Or do you deprec...
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Hi Everyone, First, thanks to those who advise me to refinance our old primary to buy a new home. We just finished refinance and use it as the down payment for a brand new house, and it will be closed in couple days. ...
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Hi, I broke my ankle in February and luckily the insurance company for where I fell accepted fault and I am expecting a decent settlement. I want to make the most of the money so we are thinking we want to remodel. I ...
I'm developing a multi-family community from scratch, and hired a local civil engineer firm for site work (grading, erosion control, drainage plan, etc.) design. The design will be used to get city permits. It is expe...
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Hi everybody-We have our first STR in a tourist destination and had a very successful first season. This area has perhaps 1000 permanent residents and the primary economy is tourism and always has been. However, we ju...
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I am in negotiations on my first mobile home park. What are some due diligence items I should request or be aware of? Should I request two years of rent rolls and p&l’s? Thanks in advance!
Hi I have a roof leak on an older rental with a shingle roof. I'm considering some options for repair rather than replace the whole roof. There was a section of the ceiling in the home where we replaced the drywall be...
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Just acquired a very underperforming self-storage facility in Los Angeles area. Rents are way below market. On average 40-50% below market. What's the best way to bring things up? All at once? In increments? And...
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I'm trying to assess a cash purchase for my first investment purchase and it's a cash deal so I'm trying to do my own due diligence. As part of that, I'm trying to figure out the best way to go about a home inspection...
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Hi there, I'm considering purchasing a SFH in mid-Michigan with a large backyard - about .25 acre. It is fenced, but since the tenants would be responsible for the mowing and upkeep, I'm concerned that the size of th...