George Daly
Weather Impact on Deal Analysis
5 January 2025 | 5 replies
Look at insurance and tax costs, those two items are the biggest killer of cash flow.
Melody R.
Thoughts about the virtual CPA firm The Real Estate CPA?
16 January 2025 | 18 replies
An example of a mistake was a line item for alimony that I found on my taxes (I am single and have never been married).
David B.
“Live In” Flip Advice!!
14 January 2025 | 10 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
Jason Bales
Understanding Housing Vouchers
2 January 2025 | 2 replies
So, if your property has all bills paid by the tenant, you will deduct from the voucher amount the set amount by bedroom count for items like water, electric, gas, etc.
Ryan K.
Inherited House: Renovate, Sell, or Wholesale?
29 December 2024 | 5 replies
The house had the utilities turned off for the 6 years, and was filled with the original 1 owner's furniture, clothes, appliances, car and ecn food in the frig (without elctric on for 6 years).
Torrean Edwards
Stepping out on faith, but looking for support/advice
20 January 2025 | 18 replies
Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.
Paulette Midgette
A Contractor I Would Not Recommend
17 January 2025 | 12 replies
One important item to note about bids: most smaller contractors are terrible at estimating.
Deborah Wodell
How Do You Keep Rehab Costs Under Control on Your Flips?
4 January 2025 | 4 replies
I would try to buy properties starting at a specific date so not large ticket items come up.
Ramsey Doumani
Investing in a condo vs townhouse as a traveler
12 January 2025 | 8 replies
With that being said, in a worst case scenario, you can always hire a property management company to handle the day to day items if it comes to that.
Christopher Lynch
What Is The Best Way to Start Flipping Houses and Raise Capital?
16 January 2025 | 10 replies
Most new construction deals require you to give up to a 10-year warranty on some items while most fix and flips come with very little extended liability after the sale excluding gross negligence which is not stopped by an LLC in any case.