Ask David

Homebuying in a Child’s Name, Funding for Affordable Housing

Dear David, I’m trying to do some estate planning. My son has recently graduated. I want to buy a second home and put it in his name in order to give him a strong start. Is this advisable? – THINKING AHEAD DEAR THINKING: If you’re buying the home in cash, you can do whatever you

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Finding Good Tenants, Irrevocable Periods

Dear David, We want to buy our first investment property. How can we make sure we get a good tenant? – NEW LANDLORD DEAR NEW LANDLORD: While no screening method is foolproof, there are steps you can take to help ensure that prospective tenants are good match. Imagine your ideal tenant and advertise where they’ll

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Commercial rent, Home not selling, Lost bidding war

Dear David, We have a 5-unit commercial building and are thinking of selling in the next 6 months. We currently have a vacancy. Should we reduce the rent by $500/month to get it filled right away, or hold out for the same rent we’re getting from the other units? – CONTEMPLATING DEAR CONTEMPLATING: It’s tempting

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Foundation Crack, Tree Damage, Commercial Space

Dear David, We’re thinking about selling our back split. My husband noticed a crack in the foundation by the basement window. Should we be concerned? – CRACKED DEAR CRACKED: It sounds like a typical “step crack”, which is somewhat common in this style of home. Foundation cracks are quite common in general, as concrete tends

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Major Improvements Required, Budgeting for First Home

Dear David: We fell in love with a house that needs a new roof & furnace. We can’t afford these projects right now, but don’t want to miss this opportunity. What can we do? — Heartbroken Dear Heartbroken: A roof and furnace are major improvements, but not necessarily a reason to walk away from a

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