Tim Smith
How do high wage earners benefit from real estate related tax deductions?
Longtime lurker, first post. Thanks to the BiggerPockets community for all the invaluable advice -- it's helped me personally and professionally for many years.
Here's my question: This year my wages at my non-real...
Michael H.
Avg price/sqft construction costs in Los Angeles these days?
Searched and didn't find much information. I realize this is by no means the best way to estimate construction costs but I was curious what the avg construction cost is these days in Los Angeles. I'm not talking for...
Bruce P.
How to get good new home/ADU construction specifications?
Hi BP community,
So my friend is spinning their wheels a bit. They are planning to put a detached ADU (accessory dwelling unit) on the property containing their SFH (single family home) in southern California. They ...
Joseph Gozlan
Reaching out to the wisdom of the crowd...
We have a room in one of the common areas that is about 150SF (15 FT by10 SF) and I'm wondering what to do with it.It used to be a second Laundry facility but there is no real need for that in this property so we wan...
George Post
Closed On A Small Multi This Year- Should I Do a Cost Seg?
Hey Guys!
So I bought a 3 family in Feb. this year for $550k. I just refied and it appraised for $650k (Def. got a deal on it... it was off market!). It is still below market rents, but we are working up the cash flo...
Brock Y.
How to stay clear of "retail" contractor prices?
Ended up purchasing a foreclosure a few weeks ago outside of Chicago and will be using it as a primary residence. I want to remodel the kitchen but do not want to pay full retail prices that GCs will quote me if they ...
David Robertson
Detailed Scope of Work vs "Turnkey" SOW Language
A recent forum discussion talked about how an investor's scope of work said to include "EVERYTHING" in their proposal to 'gut the property, buy materials and rehab per plan.' Long story short, the contractor did not ...
Justin Fortunato
Proper order of operations (painting, flooring, etc)
What is the best order of operations with regards to working on a house? Obviously, the first thing is the construction, doors, etc. But what is the best order of other things like painting interior, exterior, floo...
Jimmy Chin
First rehab - contractor went MIA
Hey everyone,I'm currently rehabbing a property for rental and my contractor is now MIA. I've tried calling, texting, and emailing but I'm not able to reach him at all. This has gone on for a week now and he has left ...
Najeh Davenport
Multi Family vs single Family (doors vs Cashflow )
Lately, I've been torn between investing in multifamily or single-family properties. I see value in both, but I'm unsure which is the better option. Currently, I own one single-family home and one fourplex. The single...