Bekah Estes
Best rehab loans
25 January 2025 | 4 replies
We almost went with a loan that we have to pay all the cost upfront and then get reimbursed on the back end and that was just not something we were willing to do.
Alon Saar
Where to Start?
28 January 2025 | 3 replies
The best place to start is with a spreadsheet that has every every cost itemized.
Landon Sheveland
Common Mistakes/ Beginner (Fix and Flip)
27 January 2025 | 10 replies
Also, you can't know how the cost of materials could fluctuate over your project time, so consider purchasing any materials upfront so you can stick to your budget.
Leon George
New to BP Community
24 January 2025 | 13 replies
Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.
Kwanza P.
Advice for Finding Contractors (San Francisco)
25 January 2025 | 4 replies
A) it controls my cost.
Arion Lewis
Starting my journey
28 January 2025 | 1 reply
Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.
Alex Collins
Cash Offer Deal
25 January 2025 | 2 replies
Inherently the steps are the same as if you were purchasing with financing save potentially less closing costs and ability to close sooner (if needed).The terms of your offer (ie -contingencies, closing cost splits etc) will determine what is different.
Jonathan Small
DIY or hire help for taxes?
23 January 2025 | 7 replies
A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.
Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
It’s definitely smart to evaluate the tax and cost implications of your funding options.
Rob Tara
40+ unit deal. Need help w/ financial analysis
28 January 2025 | 6 replies
.- Expected renovation costs $1MM.