All Forum Posts by: Tracy D.

We've listed one of our investment properties for sale and we're trying to look at our options for the subsequent purchase.

If we net what we hope to for the sale, we're looking at about $265k ballpark after all is said and done.  Although smaller and lower priced properties needing rehab is what we prefer, we're looking at the option of purchasing something that's "rent ready" this time (since we already have 3 projects in the works as it is).  What we've seen on the market so far that fit the location and house size we prefer is in the $240-255k range......so there would be a bit left over from our net gain of approx. $265k we'd owe tax on.

That being said, would it be possible to offer over ask but have the seller pay all closing costs (from the above ask difference) as a strategy to reduce the taxable gain? 

There is some really nice sheet vinyl that looks nothing like vinyl at all, we put this in the kitchen and bathroom in one of our rentals.

We had the identical situation several years ago with ours, it was a stuck contactor,

We have long term tenants (13+ years) who are getting divorced and both want to stay in our rental.  They are on month to month and have been for quite some time.  We want him to stay (she is difficult and has a history of being untruthful from time to time) but we're not sure exactly how to approach this.  Tell her we are giving her 30 day notice and signing a new lease with just him?  Give them both 30 day notice then rerent to him once she moves out?  She thought she was just going to tell him he had to leave and move in her mom and new boyfriend......but that's not happening.

This will be a high drama situation no doubt and a major headache regardless of what we do, just want to try to make it as quick as possible. Anyone dealt with a similar situation?

So in this instance can the prospective tenant still be charged a non-refundable pet deposit and a monthly fee?  Even if the animal is a certified "support" animal?