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13 December 2024 | 35 replies
I rarely use OPM to fund a rehab but I sometimes use OPM to fund an acquisition.
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11 December 2024 | 2 replies
Quote from @Jake Hughes: Whats up BP community.What professional photographers are people using to market their rehabbed properties?
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12 December 2024 | 10 replies
QuickBooks Setup:For flips, I’d use the following accounts:Flips in Progress (Inventory)FIP - Purchase PriceFIP - Buying/Closing CostsFIP - Rehab CostsFIP - Holding CostsFIP - Selling/Closing CostsReal Estate Cost of Goods Sold (COGS)COGS - Purchase PriceCOGS - Buying/Closing CostsCOGS - Rehab CostsCOGS - Holding CostsCOGS - Selling/Closing CostsAt year-end (e.g., Dec 31, 2023), move flip costs to inventory and back into COGS on Jan 1, 2024.
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14 December 2024 | 6 replies
Most of them will also finance up to 100% of your rehab costs.
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13 December 2024 | 24 replies
Sellers or JV partners may value a hands-off partner who can handle rehabs.Start with a Strategy: Whether it's BRRRR (Buy, Rehab, Rent, Refinance, Repeat) or simply flipping properties to build capital, define a clear path for your first few deals that aligns with your long-term development goals.
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11 December 2024 | 13 replies
Let me steer you in the right direction.Imagine you buy a list with the address of vegans, that are also animal rights activists.Your company sells baby-cow burgers.
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9 December 2024 | 8 replies
Even if you don't feel you have enough info to give me directional advice, how would you go about deciding whether to address the problem?
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17 December 2024 | 8 replies
The home requires quite a bit of rehab work.
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17 December 2024 | 12 replies
Rehab will be required.- you may need to look outside of Phx to markets like Gilbert/Mesa or even Tucson.
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19 December 2024 | 22 replies
Just finished the rehab, likely will go through the same thing.