Andre Bias
How Calculating rehab
How do I calculate rehab cost and labor when walking though a property
Lior Golan
Handling with contractor quotes
Hello.On every book that I read of bBiggerPockets it says that you need to do a scope of work with tasks and divide the cost of every task for labor and materials.But then I got a property and started to look for a go...
Lennie Vegas
rental property receipts - tax dudctions
I believe I may have created a newbie error for by NOT having all my home repair receipts have my rental property address listed on them. Many receipts provided either have no address or they used my home address inst...
Steven Mitchell
dealing with contractors during flips
new rehabber here. Im on my third.First time - hired a GC. he didn't show up his entire first week. I was so new I wasn't sure if this was normal or not. Fired him.Second time. Hired a GC. didn't show up the fir...
Brian Buckley
Thinking of self managing rehab property
I just met with three different sets of general contractors to get an idea on the costs associated with the rehab, and I wound up with three completely different estimates. Contractor A gave the property a good walk ...
Kasey Blow
STR furnishings for airbnb
Wanting to know if the initial expense of furnishing an entire house for airbnb/vrbo etc, 20-30K cost is considered a capital expenditure and not tax deductible or if it would be considered an expense that is tax dedu...
Jon S.
Lender requests a "Breakdown of Renovation Expenses"
How does one put together a breakdown of renovation expenses for a commercial bank loan application? Does anyone know a short and simple way to do this? I must be having a hard time seeing the forest through the trees...
Colin Carey
Best Rehab Estimate Techniques
Hi Everyone! I'm just getting started in my real estate career and one area I want to improve on quickly, is rehab estimation costs as well as the added value from it. I am not a contractor by any means and I understa...
Derek Snyder
How much to take out of security deposit for drugs + damages
Hello all,This past week, I had a renter move out who has been great until now. After he moved out, we noticed a few things wrong. First, the whole apartment smelled like pot (illegal in Indiana), then we found some o...
Greg Widdicombe
Final transaction(s) in QBO to close out a flip
Hi many thanks for all the previous discussions on setting up QuickBooks for rehabbing, we poured through the advice and believe our setup and recording of expenditures are correct - now comes the fun part of recordin...