All Forum Posts by: Daniel Peavey

So I could sell 7 properties

And do a 1031 just buying a high end single condo?!

Thanks Joel

Thanks Wayne. That's what I was wondering. Selling a single property, of course and buying another, is straight forward But what if I sell a package deal to another investor, which is about 7 properties Could I reinvest in a single high end beach condo??

can a investor sell 7 properties

And use a 1031 to invest in a single property, I.e. Apartment complex??

thanks gentleman, great input

Really appreciate it

My sentiment if I have solid tenant, paying on time, 75 bucks a quarter is worth it 

Do most of the landlords on this site pay for pest control or make tenants pay??

great question Jon

That I think would be accurate road

Create two rentals, then when exiting value is increased

Great point will check into it

Thanks

Michael

I plumbed it for a bedroom a mother in law suite if I choose

If I finish basement I would have to market it as such, which would limit my potential renters

Eventually I would have to rent, and it would not be good to invest that much capital and still get 950 a month 

good advice thanks Alison and Frank

I'm thinking of doing mother in law suite

But would need to get at least 550 month extra

Kind of catch 22

Here's the deal:

1. Bought brick house for 68k

2. House has unfinished basement

3. I retrofit whole house electric HVAC plumbing

I plumbed in basement for future use also created sub panel for basement

4. Upstairs is 1788 sq ft

5. Rent is 950

6. Dilemma:  if I refinish basement rent will still be only 950, unless I create another apartment

Finishing basement will create value, but

Rents will only be 950 per month

What would you do?

thank you Mindy