
13 January 2025 | 7 replies
Section 179 deductions may apply to assets directly supporting your business, excluding personal-use components.This post does not create a CPA-Client relationship.

3 January 2025 | 5 replies
Everyone says to find properties and build a buyer's list, but neither matter if you can't calculate the repair costs and also get access to a friend or colleague who has MLS so you can do a proper and real ARV (the other part where all wholesalers fail).

17 January 2025 | 13 replies
The feedback seems a bit general or maybe you just condensed it for the post...If not, I'd personally have a chat with your agent about what they are asking in those follow-up questions and hope they are assertively making those follow-up phone calls with your showings.

14 January 2025 | 10 replies
I agree with everything in this post and if it was a month ago I may have agreed with everything in this post (and I gave it an up vote).

19 January 2025 | 14 replies
Also I agree with another post before regarding the complexity of structuring a deal like this, which would also turn me off especially if I was just getting started.

22 January 2025 | 12 replies
Keep in mind my comments were given with only knowing the details you provided in a post so I don't want to come across as a know it all.

4 January 2025 | 35 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, immediate cashflow and at the lower end of relative rent & value appreciation.

2 January 2025 | 29 replies
I will tag you on the post.

14 January 2025 | 5 replies
I've bought hundreds of properties at Tax Sale, but only Tax Deed Sales, and have posted on the subject many times on BP.