Eli Edwards
Newbie to Fix and Flip
15 December 2024 | 4 replies
Start by thoroughly evaluating leads for profitability, calculating ARV (After Repair Value) based on comparable properties sold in the area within the past six months.
Ryan Daulton
Mid-term rental pricing
29 December 2024 | 16 replies
All the BP calculators I've seen are based on LTRs.
Meghan McCollum
Looking for Insight Into Duluth, MN
27 December 2024 | 20 replies
Or explore what BP has for calculators under the 'Tools' section.
Rud Sev
High level of taxes for syndication
20 December 2024 | 20 replies
Upon sale, gains are taxed as long-term capital gains, calculated as the sale proceeds minus your adjusted basis (initial investment reduced by any return of capital).
Myers Bryan
Floorplan software recommendations?
14 December 2024 | 2 replies
Floor Plan CreatorPlatform: AndroidFeatures:Allows you to create detailed 2D and 3D floor plans.Supports laser measurer input for accurate measurements.You can enter exterior walls, fix them in place, and add rooms within.Offers automatic calculations for perimeters, rooms, and walls.Bonus: Plans can be exported to various formats for further editing on Windows2.
Meghan Foster
Personal RV Used for Business: Tax Implications
16 December 2024 | 0 replies
Further, how do I calculate the business use percentage for a rental RV?
Bao Vu
Question regarding Tax on a Flip
12 December 2024 | 10 replies
For tax purposes, the profit is calculated as the sale price minus the cost basis (purchase price + renovations + transaction costs).
Ryan Duphorn
Mid term rentals specifically targeting traveling nurses
21 December 2024 | 5 replies
Consider cleaning, lawn care, snow removal and supplies as well as utilities in your calculations.
Emira K.
Flipping and selling?
18 December 2024 | 4 replies
,Buying, renovating, and selling is a great strategy, but here are a few things to consider:Start with the Numbers: Make sure you know your ARV (After Repair Value) and work backward to calculate your budget, including purchase, renovation, holding, and selling costs.Financing Blindspots: Even if you’re buying in cash, plan for potential delays or overruns in renovation costs.
Rafael Ro
What are some realistic tenancy terms and maintenance costs (turnkey)?
19 December 2024 | 5 replies
Furthermore, since these are turnkey companies and praise themselves on their renovations, the B class turnkey is using only 2% of rent (which averages around $1500/pm) for maintenance, and the C Class turnkey is using 7.5% of rent (avg about $1000/pm) in their calculations.