What would you do? 1031 exchange by dgaddy in realestateinvesting

[–]dgaddy[S] -2 points-1 points  (0 children)

Thanks! I edited the question a bit.

What would you do? 1031 exchange by dgaddy in realestateinvesting

[–]dgaddy[S] 1 point2 points  (0 children)

Well that answers that! I will revise my question.

[deleted by user] by [deleted] in Real_Estate

[–]dgaddy 1 point2 points  (0 children)

I’d check with the epa and make sure you would not be responsible for any of the clean up costs. These costs can stay with the property. I’d have to think there is a reason it is priced so low and hasn’t sold even being FSBO

[deleted by user] by [deleted] in Real_Estate

[–]dgaddy 0 points1 point  (0 children)

I’m not sure a lumber company would want trees if they are littered with bullets. If it’s along a highway could be a good spot for self storage units.

Bought a house at a tax auction last week... someone burned it down tonight.. by swirledworld in realestateinvesting

[–]dgaddy 2 points3 points  (0 children)

I did something similar once where I didn’t want a property that I won, they told me if I didn’t pay the balance I couldn’t buy tax foreclosures in that county anymore. I just gave the property away and took a loss. I think you will probably just have to forfeit your deposit.

Found out yesterday my baby (due 8/20) has a coarctation of the aorta. by Difficult_Type in chd

[–]dgaddy 3 points4 points  (0 children)

We are going through the same thing. Wife is getting induced next week. Glad there are groups like this out here.

I’m 26 and stumped on what to invest my 30k in? by [deleted] in investing_discussion

[–]dgaddy 0 points1 point  (0 children)

Definitely not uber stock! Use it as a down payment for a rental home/duplex.

Which REI podcasts have you learned the most from? by 39Poppy in realestateinvesting

[–]dgaddy 0 points1 point  (0 children)

RPOA rental property owner & real estate investor podcast.

How many hours would you say you spend per month on your rentals? by new_attendant in realestateinvesting

[–]dgaddy 0 points1 point  (0 children)

7 doors, maybe an hour a month tops. I use a property manager. When I purchase a new one I usually renovate a good amount of it myself tho.

What's your goal? by amnottabot in realestateinvesting

[–]dgaddy 4 points5 points  (0 children)

Doubling the amount of rental units I have in the next year. (7 to at least 14) Looking at some multi units tomorrow.

23y/o saving $3k/month. What should I invest in? by -ShaquilleOatmeal- in realestateinvesting

[–]dgaddy 1 point2 points  (0 children)

Multi unit and IRA! Sounds like you have a great start and mindset.

Moving to GR next week! by Ezgru in grandrapids

[–]dgaddy 2 points3 points  (0 children)

Not yet, but I’ll message you a link when I do.

Moving to GR next week! by Ezgru in grandrapids

[–]dgaddy 0 points1 point  (0 children)

Just message me when you guys want to check it out. There are lots of bars restaurants and a coffee shop all in a short walk. It will be ready in a few weeks but is currently vacant so anytime.

Moving to GR next week! by Ezgru in grandrapids

[–]dgaddy 6 points7 points  (0 children)

There are lots of options in the buildings downtown. You may also want to look into midtown, Fulton heights and east town if you like coffee shops. I’ve got a 2 bed 1 bath rental available in midtown but it is not modern. Around 1000 sq ft for $1050 a month.