All Forum Posts by: Elizabeth Blazina

Thanks Dave!

Hi all, I know this is very late and may never be read but I thought I would give it a try.  So is it possible to do a 1031 where the funding is coming from a Heloc on a different property. For example, selling property at 350K, Replacement property is 750K , Using Heloc on another property as the funding for the difference  in equity and new value.

Thank you,

Thank you Michael and Basit. 

Basit,  the travel was all during the rehab process with no tenants in place yet.. Can I then assume this is added to the basis?

Michael I think you may have misunderstood my initial question.  And I believe you may want to verify your advise regarding "repair and replacement" write offs.  When rehabbing a buy and hold when there is not a renter in at the time of rehab you cannot deduct the cost of a repair regardless of whether it's a repair or replacement .. all is applied to the cost basis.   Ask me how I know this:)   Perhaps you meant with a renter in place.. yes?  

 Thank you Ashish!   Where do the utilities and travel  costs come into play?  

Hi , I am curious when buying a rehab using the Brrr method.. Do you use your actual purchase price plus any added improvements as the cost basis for depreciation.   Or can you use the new Appraised value minus the land portion as your Cost basis?    

Hi, I am currently doing a rehab and the property will be vacant.  My last one was a looong time ago but I do remember the crazy insurance cost.  Is there an insurance company one would recommend in Washington state.. although I am not sure that matters.  Also with premiums, where you discounted the days you did not actually use. For example a 3 month flip only taking 2 months. 

Thank you for any insight.

Hi, I am currently looking for a Project manager in the Kitsap county area .  Light rehab,, demo , paint,  May need some water damage repair in bathroom.  Pretty solid house otherwise.  Looking for ( someone to keep project at budget and on time...work to be done in Mid August.  If you are interested just shoot me an email and we can go from there.  Must be seasoned and have show of work. 

Thanks and looking forward to hearing from you.

Liz 

Hi , I am looking for a great property management company in Champaign Illinois.  Does anyone have any great managers that they use and would care to share .  

Thanks ,

Liz

Hi Aaron,

I was going by your (NOI)market rents number $2043 - $1008 monthly expenses-$1232 debt financing/mortgage = $-197.00

So yes, if you are going by the current rents that you post than I would agree that there is a positive cash flow. 

Yes Aaron I agree  on adding value  but the price should reflect the actual condition not the potential...  Also it's a bit misleading to say that this cashflows at it's current rents because it really does not.  Thats not to say that it still  isn't exactly what someone is looking for.