My wife and I invest in real estate, the stock market, and both have high paying W-2s and obviously file extensions every year on our taxes.

@Jim Doyle- thanks   1) consider increasing the purchase price by the amount of the elec and roof  work that needs to be done  and then assist  seller with  getting the work  scheduled and completed  ( as this will be required to be donw before closing ) ..this way the  seller  is technically  paying for the  repairs  and they wont lose  any  proceeds ....they will pay a little  extra  wa state sale excise tax  but  that  wont amount to too much  2)  consider  putting less down  and using some of your funds to pay for  the repairs  ( or part of the repairs )   3)  consider using a rehab loan  4)  consider  keeping the price  where it is and asking for the sellers to complete  repairs  (  this likely wont happen)  5)  get roofer and contractor  estimates and get them  lined up to do the work asap  as it might takes  weeks to get this scheduled / done  6)  ask seller for  extension on closing date if the  work  will take  longer than 10 days ,,,Good luck

Has extensive water damage in basement due to them shutting power off and pulling out sump pump.

Anyone with extensive experience with REIPro?

They run an extensive operation with many "partners" around the country.

Hello Lynn, The seller ended up giving more seller credit to pay for the rate lock extension.

I've extensively researched BP forums and have spoken to other developers, builders, atty's, and CPA's about how best to determine profit share between partners based on 1)Risk, 2)Capital Contribution, and 3)The Role of Each Partner in the project . . .

I have extensive background in construction and real estateI lived in Florida and wholesaled & syndicated real estate for a few years.

He visited the property on Friday and after discussing over the weekend we decided we were going to put in an offer.However on Sunday tornadoes hit the area and several trees hit the house creating extensive damage.The home and property was inherited by siblings after family passed away and they are wanting to get rid of it. 

for that, i use reihub (the extension of rentredi). i use quickbooks for my other business but my RE portfolio doesn't require something as robust.