
15 June 2024 | 5 replies
Both are older homes, the 3/3 was renovated in the 80s.2/1 home is prime candidate for a tandem house out back or teardown and convert to Rowhome zoning, (properties were recently rezoned just across the alley tandem homes, ADU already zoned ok) 3/3 is newer, on a double lot, but my thinking is that I could hold these for a while, go through the rezoning process and sell both if/when the neighborhood continues to get hot enough for more density building, possibly work with a contractor friend of mine to get going in this direction, or try to do construction of tandem home behind 2/2 and then adu behind 3/3 home.Are there any resources for spreadsheets or analysis specifically in this realm/that I could show my financiers to calculate the projections on this?

17 June 2024 | 4 replies
I went through your other posts here on biggerpockets, it appears that you have tax related questions throughout the year such as selling a primary residence that you lived in less than 2 years.You may want to see if you are eligible to claim partial exemption.When selecting an accountant, make sure you select someone who will be able to answer your questions.

17 June 2024 | 17 replies
Essentially all of the planning, permitting and projections ready to prepare the project for development and then sell the property with the additional 12 unit entitlement to a more seasoned or experienced developer.

17 June 2024 | 2 replies
After being a landlord of 4 doors for years, my wife and I decided on selling our property in the insanely hot Colorado market, and we set out on a road trip to find our new home.

17 June 2024 | 2 replies
If you plan to sell within a few year of making it your primary then don’t do the exchange until a couple years before you move in.

13 June 2024 | 9 replies
The lease terminates on June 30 but I'm thinking of starting the eviction process as they havent paid rent and is not responding to communications.

17 June 2024 | 12 replies
Since mid-late 2023, they have been sending emails preparing investors for more future capital calls if the GP's feel it is warranted to continue operating the assets or they will just chose to sell at a loss.

16 June 2024 | 3 replies
I’m currently in the process of securing capital for my first flip and learning as much as I can.

19 June 2024 | 18 replies
Hey mate,Thick skin is needed on this forum and in business in general 🤷♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do.

16 June 2024 | 4 replies
I was told by my tenant that she’d love to get out of the water business and would be willing to make a great deal on selling it.