Account Closed
Starting off in an expensive market
28 August 2018 | 10 replies
Then I would fix & flip the property.So, There really are only two options I can think of. 1) Find an "off market" property that you can take "Subject To, on a "Wrap", or a "Land Contract" or a "Lease Option and proceed with either Fix & Flip or Buy & Hold or sell to a Tenant Buyer (my favorite).2) Find someone on the mainland that you can Joint Venture with in a market your finances can afford.Either way, you have to start somewhere.
Victor Zhou
1% rule area in Canada (income properties)
29 October 2018 | 39 replies
Calgary is softening up on some of the housing prices but won't be comparable to the success you have enjoyed in the states.
Derek Lukas
Tucson HVAC Contractor referrals
28 November 2018 | 3 replies
Does anyone have any positive experiences with a good HVAC contractor in the Tucson, AZ area?
Zaid Badabwan
Accounting software for a flipper?
20 July 2018 | 4 replies
If you are only flipping a handful of houses a year, you can probably get by with a spreadsheet, but here are some important items you need to track/consider for tax season & business management:Tracking Project Expenses & Revenues to calculate your project Net ProfitTracking Assets/LiabilitiesProfit & Loss Statements showing Profitability of each projectTracking how much you paid each vendor/contractor for filing Annual 1099sActual vs Budget Tracking so you can see what repairs were over/under budgetBank reconciliation to make sure your accounting books match your bank statementsProvides a history of the business, so you can track financial progress or pull past financials in case of an Audit
Daulton H.
Blanket Loan or keep my SFRs on seperate notes?
23 July 2018 | 5 replies
I have 10+ blanket loans and enjoy the flexibility that comes with portfolio lending.
Matthew Swearingen
Income properties in Midwest or SouthEast
25 July 2018 | 42 replies
I think BP is incredible, but real estate is still incredibly local and the networking events out there are often the best ways to meet local agents, attorneys, contractors, etc.
Mindy Jensen
What is Your BEST Small-Living Hack?
29 August 2018 | 28 replies
Changed my perspective of "stuff" in my house and now I keep the thing in my house pretty minimal and I enjoy everything that is there.
Heather Rodden
Do you buy fixer upper or already done for a rental?
21 July 2018 | 9 replies
I do most of my own work, so If I buy a house that needs new paint and roof, I'd be paying less than half of the repair cost just in material... and keep what I would pay a contractor... or pay a seller because they just paid a contractor.
Lee Underhill
Want information on brrrr please if anyone can help
22 October 2018 | 10 replies
I’m an Excavating contractor I’m doing a lot of watermain replacement now in north Plainfield seems like so many properties being foreclosed on and for sale .
Sam Shah
late rent payment fee collected by PM
11 August 2018 | 13 replies
We live upstate NY.He did say that collecting late rent payment fee should be an exception and not the norm and that they don't really enjoy collecting them.