All Forum Posts by: Brian Bisdorf

@Brian Bisdorf each property is a little different but I've never cost segregated any of my single family homes.  The reason is because I've never paid any income taxes on them WITHOUT cost segregating.  So I keep that tax deduction spread out and don't cost segregate.  Property depending of course...but a lot of property in our area won't need cost segregation.

Ty, 

We have non-recourse options in-house and through our broker relations. What type of deal are you looking at? 

The 7% rule is a good starting point, but we have some other rules 

It should be finished in 3 months 

10k a month so 30k before taxes minimum 

Leads are from every source I can get my hands on, but the best leads come by way of networking, MLS ,and then wholesalers.

Most importantly, ignore any arbitrary rules that you read here or anywhere else.

When you are getting into the house flipping business, you need to underwrite each deal individually. Every house is unique and comes with it's own set of challenges and requirements.

I've flipped dozens of single family homes, done ground up construction, flipped an office building, and flipped a medical building. Numbers and profits vary drastically from deal to deal.

Your profit target will depend on how much money you're putting into the project, how much risk there is in the deal, and how long the flip will take. But broadly speaking, it's a good plan to avoid anything that doesn't have at least $50k of profit at the end of the project.

 Just 1 rule I use! *Find an under market Value property! My most recent flip I put almost no work into, however since I bought it so low I was able to sell it for $60k higher then what I bought it for. I believe some people call this wholetaling. The flip that you can sell without actually touching it is the best!

Brent is spot on. Also his profile pic looks like Tom’s from MySpace so if I could vote twice I would.