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4 July 2018 | 4 replies
having a difficult time using both the brrrr and fix and flip calculator because i intend to live in the property for 1 year so not a rehab. these calculators seem to assume i won't live in the property. based on the factors below, i'm hoping someone can poke holes.arv=270krepair=my father who is a general contractor is overestimating at 35k (it's definitely livable, but there's opportunity to upgrade/update such as the roof, floors, cabinets). i'd live there for a year and plan to either flip or rent after the year.annual expected property tax=$7.5klisted price is around $235k ($/sq ft is below comp average)comps within the past year for similar properties around $260-$280kpreferred profit (not too sure about this) but $20k is a target...i guess.estimated rental based on recent is $1.8-1.85k/monthi was thinking about offering $210k max, but the calculators recommended an estimated purchase offer between $160-$175k, which seems extremely low given the livable condition.what am i calculating wrong here?
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17 December 2018 | 11 replies
My Father sold his home in WV and setup seller financing for the buyer.
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30 August 2018 | 7 replies
Even if she was paying $1,000 a week to the father, without that judgment there is no RECORD of payment.
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3 September 2018 | 4 replies
His father owns the property and he currently manages it for him.
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11 July 2018 | 1 reply
RE has been part of my life since the beginning, my father was a developer - very small scale, 20-40 lot neighborhoods which were mostly ranch/split foyer starter homes.
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12 July 2018 | 8 replies
I am a proud father of a 15 month old little man and my wife and I are expecting number 2 in October of this year.
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23 July 2018 | 2 replies
The son may have lived with his father.
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15 August 2018 | 5 replies
My father has a SFH he would like to sell in the UTSA area inside 1604 loop.
29 July 2018 | 4 replies
My father and I bought a home in 1996 joint tenancy right of survival mortgage.
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29 July 2018 | 4 replies
You and your brother can start running it immediately and you will not lose the step up basis on the capital gains, and when your father passes (hopefully many years from now) he leaves his ownership to you and your brother within the trust.