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13 May 2024 | 11 replies
I'm renovating 2 kitchens in a duplex and trying to decide what is the best countertop material.
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14 May 2024 | 17 replies
Interest rates go up 2% points.Labor costsRaw material costsInflationPlan B.
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12 May 2024 | 2 replies
*I understand terms such as deposit amount, contingencies and settlement period can play into the decision making of the Seller, but a syndicator who is relying on outside equity is likely performing full diligence and is not shortening their contract period materially from others in pursuit of the deal.
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10 May 2024 | 10 replies
I found it to be rudimentary material that you can find anywhere.
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12 May 2024 | 12 replies
We lost the equity piece of BRRRR, but we gained appreciation - something I did not see much in the earlier years.We work with the same contractors, we have standardized materials, we use the same vendors and SKUs for the most part - but still: if I am not on the job 3 times a week and check in on progress, quality and issues, things go sideways.Most of our OOS clients end up doing paint & carpet and will later say they are so glad they did not take on more!
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10 May 2024 | 7 replies
It is when the property is available to rent.You do not necessarily need earnings from the property to have deductible expenses (again, available for rent is not always the same date as the lease start).REP status is 750 hours in real estate activities PLUS material participation in the activity(ies).Talk to a CPA or tax pro who knows this stuff.
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10 May 2024 | 2 replies
Had I suspected they were materially violating anything in the lease, I would have evicted them.
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9 May 2024 | 3 replies
Hello, I have seen a few of my competitor's buying, flipping and doing SubTo's, and owner financing. They have gone to some events, paid for courses and subscribed to some marketing programs. They live in another stat...
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10 May 2024 | 21 replies
Cap ex is not easy to absorb and the "excel pro-forma" rarely materializes as reality.
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9 May 2024 | 4 replies
After revising the bid to include one-liners detailing the work and materials, I'm now awaiting further feedback.