All Forum Posts by: Anas B.

Hello, I am looking for a reliable general contractor to take care of a relatively small job (nothing complicated) in Clayton, NC. If anyone knows of a contractor that fits that description, please let me know. Thank you very much! Anas

221 Lexington Ct, Fort Wayne, IN

Affordable cleared corner lot in Fort Wayne, IN. 9,583 sqft. Zillow Link

Affordable lot in a well established residential neighborhood. Size is 10,802 sqft.

Zillow Page Link

Thanks for the sanity check, all.

I have a quick question:

I'm doing my third rehab and the new contractor I am dealing with is asking that I connect utilities to the property. I'm not sure if the contractor in my previous rehabs connected the utilities himself or if they were on anyway (I suspect it's the former).

So is it customary that the contractor deal with connecting the utilities while he rehabs the property? I just want to make sure the contractor is not trying to get me to do some of his job.

Thanks in advance for your replies.

Thank you @Brandon Hall, @Teri Feeney Styers, @Logan Allec. This was all very helpful and I have a lot to learn about taxes!

Thank you @Ben McMahon and @Clifton Kaderli. I have got in touch with you both privately.

Hello all,

I am having trouble finding general contractors in the Front Royal, Virginia area that have experience in rehabbing properties.

Does anyone have any recommendations? My job is likely in the $20k range and would include significant kitchen and exterior work.

Thanks!

Anas

Hello all, What are the best tax preparation practices for house flipping? I utilize two methods of home repairs: rehab then rent; or rehab then sell (the typical flip). Would my tax planning differ in each of the two cases? My thinking was to have the contractor separate repairs from improvements in his invoice, that way I could easily determine and claim repair costs. What are your ways of tax planning and preparation? Thanks

Thank you @Angelia Kinston, @Anthony P., and @Kenneth Barr!

I'll get in touch with you all and I hope to work together soon!

Anas