I have seen others do LLC early because their projections and plans for growth were very quick and it didn't make sense to switch everything within less than 1 year.

Hi  everyone First time using the BP calc , so perhaps I am just not understanding BP method or I am miscalucating however ,, I input a home's data points with all associated costs and the complete  loan amounts, points, fees etc.When the results came back , The ROI was based on the total project costs.. i.e.  

I’ve got a full kitchen, full master bath, 2000SF of tile demo and install, carpet, some minor plumbing and electrical, painting, etc..My Partner is a GC, but his crews are tied up on two other projects for another month.Thanks in advance,Justin

@Michael Evans LillYou cannot deduct it, unless the HELOC was used to fund remodeling of your home or fund a business project, like buying an investment property.This may not really be a loss though.

The project began in December and wasn't finished until January. 

I wouldn't be so sure that your existing investor base wouldn't want some exposure to these projects as well.

PMs (that don’t *need* the revenue)will likely just pass on managing a $45K duplex.Maybe, most of all, I’d wonder about your projections.

Even if you don't need to replace these things now,  you need to account for the bigger costs that you will incur in the mid-term and how those will impact your overall returns.Sounds like you're looking for something to hold long-term and rent out, rather than flip, so it's about how low the seller will go (or what they will fix themselves) and what your projected rents and expenses look like. 

Hello everyone.I am looking for any rehabbers currently working on a project in Deanwood, DC 20019.I have an idea for a social media documentary that I would like to discuss with you.Please shoot me a PM if interested in talking about it.Thanks!

If I can't pull it when prices drop, then this long term strategy will need to be replaced with a more immediate project.