Vincent Carroll
Vague invoice from a contractor
Greetings,My wife and I hired a general contractor to renovate a garage on one of our properties. He provided an estimate up front , and we paid half as an initial deposit. Upon completion of the job (which was done s...
Steve S.
Tax question on rental income
I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
Daniel Ryu
Mobile Home Park Due Diligence Tip #1
You've done it! The postcards, the cold calls, the schmoozing with brokers - it's paid off. You've got your first mobile home park deal (mhp) under contract.Now comes the fun... wait fun? Okay, there's not much fun ab...
Michael McMinassian
Real Estate Marketing
I'm not sure where to ask this question. Here it goes. Is there a great website that you have used for door hangers, business cards, keychains or other marketing items? I just received my Real Estate Salesman License ...
Gabe Goudreau
What is a replacement reserve?
Hello everyone,
I am analyzing multifamily deals using a modified spreadsheet I found online, and the spreadsheet has a reserve account that is taken directly out of of the NOI called "Replacement Reserve". It is ta...
Whitney Moore
203k Contingency fund
Hello,
We are in the process of a 203k loan and we about 50% done with the project. We currently have depleted most of our contingency and after review we noticed that some of the money was spent on permits and tras...
Ryan Phillips
Property Management on the run from FBI
A while back I was going through flight training in Pensacola, and we decided to live in a vacation rental for three months on Perdido Key, FL. Our monthly payment was $2400 and included $2400 deposit. When we left,...
Jay Patel
Maximize savings or focus on earnings?
Hey BP members,So I have always been a big picture person and always prioritize maximizing earnings over savings. I find myself fearing getting caught up in extreme couponing, and spending on items just because they a...
Andrew Patocchi
Investment Calculations
One major thing I need to know is if a house is a good investment or not. I'm good with math, but I need a formula to work with. Can someone help me with this? As far as the price of the house - (general contractor...
Eduardo Leal
Earning Extra Income/ Not Saving
My goal is to stand out as the one with leadership DNA, applying my knowledge of Real Estate Investing. How we make money work and become financially independent. I have Ideas but what good are ideas if I don’t execut...