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13 January 2025 | 21 replies
Hey @Dalton Foote - I highly suggest using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.
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24 January 2025 | 13 replies
This isn't analyzing deals, this is just playing a video game.
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13 January 2025 | 11 replies
Essentially the only people who CHOOSE to move in the winter months are getting evicted from other people’s houses.
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7 January 2025 | 16 replies
I've watched several "Webinars" (pretty sure they're just hyped up YouTube videos and not what I would consider a webinar) right here from BP that are really just a push to become a "PRO" and gain access to all the tools.
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4 January 2025 | 26 replies
Professional photos could cost as little as $150, but you should pay more to get experience shots, golden hour, aerial, and video.
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14 January 2025 | 17 replies
California is the only state that has essentially put a rent control type of restriction on home owner insurance premiums.
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7 January 2025 | 8 replies
Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.
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26 December 2024 | 13 replies
.- Most contractors will cut corners, or worse, once they figure out they won't be watched closely:( Your job will also go to the bottom of their priority list.Monitoring progress is relatively easy: hire that same inspector to go by weekly or before any payments to take a VIDEO of:1) What was done2) Quality of workmanshipOne other thing you didn't ask about, payments to contractors.- They all want 50% down or as much as they can squeeze out of you.
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3 January 2025 | 3 replies
I concur with @Patricia SteinerIt's essential to review your lease to check for any clauses related to pest control.
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3 January 2025 | 5 replies
Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.