Ben Gonzalez
Dealer Status and Installment Sales
My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
Corey Rippeto
Should I follow-up with the owner?
I found a property that has been abandoned for over 30 years (exterior still looks great though.) The couple who previously owned it have been deceased since 2001. There was a third person on the records I received fr...
Keoki Kimzin
Inherited tenants: Keep the 20-30 yr tenant hoarders?
BPers!I'm closing on a 4 plex in a C neighborhood. Two of the tenants have fairly maintained their units but the other two have trashed theirs (hoarders). Both of these tenants have been in the units for 20-30 years...
Account Closed
Current Tenant month month advice?
Offer accepted on my first house! so excited to be started on the fast lane. As I have been asking multiple question on my deal I am confident it was good, and now the next step would be landlording! I plan on doing e...
Whitney Rekowski
Rehab yourself or contract it out- How to analyze?
What is the best way to analyze if it is worth doing renovations yourself or if you should hire a contractor?If you choose to hire contractors, what’s the best way you’ve found and determined they are quality and reli...
Account Closed
First Flip in Savannah GA
Good afternoon BP! So it is a little early to call a success story but I couldn't find a better place to post a "my first flip" forum. After a lot of research my business partner and I purchased a house to flip in the...
Kyla Nicole Nickerson Jones
Help! How much should invest in an inherited fixer upper?
Hi BP!My grandmother recently passed and left my brother and me a windfall. Three houses (zero morgtages) all within the Central District, Seattle. Prime location! My brother and I have no interest in selling but even...
Laura Williams
psycho contractor pours concrete down drains because he was fired
I had a rental house in Kansas City come vacant in January and hired a handyman ..in process of trying to become a contractor (he had recently formed an LLC company)... to replace some tiles and paint...simple job and...
Mark Bosworth
Best source for kitchen cabinets?
Hi All,I have a potential flip that needs a new kitchen. Who do you use for inexpensive kitchen cabinets? Big box store? In the past I had an awesome custom cabinet guy but I've moved to a new area and don't have o...
Mark Gallagher
Trash Hacking
I've searched BP to no avail on best ways to get rid of trash and haven't really come up with much. Near me, it's $59.90 including tax to dump 1 ton at the transfer station. Last project, there were 7 tons of debris. ...