All Forum Posts by: Margaret Jay

Hi all! We are Margaret and Jay (didn't see any joint account options here)- we are investors based in NJ looking for out of state buy and hold opportunities. We've been podcast listeners for a while but just joined the community here. Looking forward to connecting with folks.

Hi all! We are considering an out of state investment property and the agent disclosed that there was a foundation structural inspection that shows cracks in the brick veneer and foundation wall. The inspector recommended 14 helical piers to prevent additional settling. The agent says that soil shifting is normal for the area, but should we be concerned? The property was in contract, but the previous buyer walked away. The issue hasn't been fixed and we would obviously consider that in the offer price, but what would you all recommend? Worth pursuing or run away? What factors should we consider? Thanks for your input. - Margaret

Natalie, could you please provide an example? it seems as though losses generated from a cashflow perspective can be used to offset capital gains at time of sale? If so, are there limits to how much can be used across a certain time frame?

Thank you all. If you bought a property that generates a cash flow LOSS each year, but you realize a capital GAIN upon sale, I assume you still need to calculate capital gain taxes WITH depreciation recapture? i.e the IRS doesn't care how how loss making the property (from a yearly cash flow perspective) when calculative capital gains taxes

Some questions for investment property: 

1) when you buy a house, does the 'clock' on the 27.5 years start over, regardless of when the previous owners bought it?

2) what is a ballpark building vs. land ratio to use when trying to trip out the building value on the overall purchase price (example: if buying a $100k property, what % is typically building vs. land)

3) Can you include improvements/enhancements made onto the building value in depreciation?

Thank you in advance

Thanks. So not even a ballpark range wojld be available? It's to estimate insurance costs when evaluating rentals

Hi @Brian Garrett we have the same question! Did you ever find an answer to your question? We're trying to quickly analyze many properties and wouldn't want to have to reach out for each one.

Thanks. Looking to estimate what homeowners insurance cost in Florida for multifamily units. Was looking to get a picture of what a 2BR costs and scale up from there.

I wasn't sure whether hurricane coverage is standard and if not, how much extra that adds?

Hello- looking to estimate what a typical homeowner insurance policy in Florida comes out to, and whether it covers hurricane damage? Would it depend on WPB, Tampa, Miami? 

I know the cost depends on many factors, but lets say a typical 2 bedroom, $200k unit. 

Thanks in advance,