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All Forum Posts by: Gloria C.

Gloria C. has started 33 posts and replied 102 times.

Post: New Roof Needed for Insurance Purposes

Gloria C.
Posted
  • So Cal
  • Posts 104
  • Votes 19

Does anyone have a "preferred/recommended" roofer in the Montgomerty ALA area?  Also if anyone has a property management company that they have had good results with, I'd appreciate hearing that as well.

Thanks all, so much.

Gloria Cloud

Post: Best zip codes for investing in Huntsville?

Gloria C.
Posted
  • So Cal
  • Posts 104
  • Votes 19

Possibly looking to buy SFR/MFR in Huntsville. What seem to be the best zip codes for rentals? Thanks Gloria Vega

Post: Investment property burned down.....

Gloria C.
Posted
  • So Cal
  • Posts 104
  • Votes 19

Thanks you Ashish. Most likely I’ll do the 1033-well see. Thanks for clarifying.   

Post: Exchange (1031/1033) expert on.Bigger Pockets?

Gloria C.
Posted
  • So Cal
  • Posts 104
  • Votes 19

Thanks Dave.  So if I’m understanding what I’m reading on 1033’s - house has mortgage of $350k and insurance policy is for $750k- leaving proceeds of $400k.  Do I need to RE- invest $750k in worth of real estate) or just the $400k of proceeds in real estate?  Thank you.  G

Post: Investment property burned down.....

Gloria C.
Posted
  • So Cal
  • Posts 104
  • Votes 19

Thank you Dave.  So I can accept the proceeds from the two party check insurance will send without penalty of “tax on boot”?   thanks again Gloria 

Post: Investment property burned down.....

Gloria C.
Posted
  • So Cal
  • Posts 104
  • Votes 19

If the insurance company sends me a two party check can I accept the excess funds without penalty? Also is time to reinvest 2 years?  Thanks so much!  

Post: Exchange (1031/1033) expert on.Bigger Pockets?

Gloria C.
Posted
  • So Cal
  • Posts 104
  • Votes 19

I know there's someone who is an expert here on this subject.  I have a property that burned down and may consider doing an exchange (if needed) with cash leftover from paying off mortgage.

Can someone send contact info?

Thanks

Gloria Vega

Post: Investment property burned down.....

Gloria C.
Posted
  • So Cal
  • Posts 104
  • Votes 19

I had an investment property that burned down recently.  I should have approximately $400K after mortgage is paid off.  Does anyone know if this is considered "free money"? or if I can do a 1031/1033 exchange?  Are rules for 1033 same or different from 1031?

Thanks for any advise.....

Gloria Vega

Post: Roofing replaced for 1500’ house

Gloria C.
Posted
  • So Cal
  • Posts 104
  • Votes 19

What is the going rice for new roof for 1500 sq feet house in Montgomery? 

Post: Section 8 Tenant Damages

Gloria C.
Posted
  • So Cal
  • Posts 104
  • Votes 19

Thanks James! Maybe I can take it as a loss on taxes? Worth a shot.