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16 February 2025 | 29 replies
.: I'd be tempted into doing an STR (maybe with a higher down payment to ensure cashflow, just run ROI numbers) or an apartment complex - I personally wouldn't mess w/ small stuff.
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8 February 2025 | 7 replies
I have been on BP a long time and maybe about eight years ago , a person had a small chance of finding a posted house for sale here that can be flipped.
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17 February 2025 | 9 replies
One person works for a well known home builder.
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25 February 2025 | 11 replies
@Collin Hays I really appreciate your insight based on your personal experience in the Smokies.
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12 February 2025 | 75 replies
I personally ALWAYS use 30 days as the time frame to close in.
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24 February 2025 | 15 replies
I personally never look at BP on my phone or the app on my phone but i just checked it and its still there it brings up the forum threads maybe BC I already had it ?
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17 February 2025 | 10 replies
And the fact that you have a contractor you know personally is name of the game!
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6 February 2025 | 3 replies
Let's break it down with precision:The "Pain" (At First Glance):Your $2.8M sale splits out as:Building (§1250): $2.3MPersonal Property (§1245): $500KOriginal Basis Allocation:Building: $1.6M (depreciated over 27.5 years)Personal Property: $400K (fully depreciated)Building Depreciation:Annual: $1.6M ÷ 27.5 = $58,182Total over 10 years: $581,820Gain Breakdown:Building (§1250):Sale Price: $2,300,000Original Basis: $1,600,000Less Depreciation: ($581,820)Adjusted Basis: $1,018,180Total Gain: $1,281,820Unrecaptured §1250: $581,820 (25% max rate)Capital Gain: $700,000 (20% max rate)Personal Property (§1245):Sale Price: $500,000Adjusted Basis: $0Ordinary Income: $500,000The Strategic Play:Remember those suspended passive losses you couldn't use?
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13 February 2025 | 3 replies
I personally used business credit cards to BRRRR a deal—no money came out of my pocket.
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19 February 2025 | 26 replies
My number one piece of advice is finding a group that you can attend online or in person to keep you motivated and accountable to your goals.