David Green
Builders Risk Insurance in Chicago
Hi AllI am starting my first flip in the south suburbs of Chicago and I need to get some insurance to protect me during the process. I think I need a builders risk policy to protect against fire, theft, etc. I read ...
Pete Perez
What The Hell Did I Spend My Money On?
Hey BP,Not a question or anything-just an anecdote.In preparation for tax season I was glancing at old tax statements and couldn't help but laugh at my younger self. I started working at 17 (2007). Between 2007-2011 I...
Chad Westfall
Rehabbing 14 Unit, siding needs love. Thoughts on options?
Hey Guys,I have a 14 unit apartment building that I'm renovating. It was build in the 70's with a combination of cinder block and stick. The whole building needs to be repainted. The siding they used for the stick fra...
Salman P.
First time buyer help please WA
Hello, help needed. Me and gf are planning to buy our house that would be our primary residence, she is in college , I do make about 60k a year and we have a 2 year old. We do have 100k in account but we are willing t...
Toby Fellows
Interesting one - Should i invest as a co owner to help buy my friends primary home
My good friend went through a messy divorce which hit him hard financially. He wants to get back on the property ladder and we have talked about me putting in 50% of the deposit needed to purchase a house. He has a go...
Tom R.
help he analyze this house
I've found a house which has some features that are perfect for my friend who I live with and it is priced low enough so that our bills would not go up substantially if we split them evenly. The problem is its pretty ...
Max Ripley
When to hire a tax professional
I am about to close on my very first home, and will be using the house hacking strategy to boost my cash flow, and eventually buy an investment property. My question is when should I hire a tax professional as opposed...
Anna R.
Taxes on Flipped properties. Do I pay higher taxes?
If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...
Hugh Ayles
House Flipping version 2.0
Version 2.0? In 2005 we did our first flip. I had a very good paying W2 and decided not to continue pursuing real estate. Stupid, stupid, stupid.In 2009 I started my own commercial construction subcontracting firm....
Sam McCormack
Do you require cash flow off the bat for your Properties?
Hello! As we all know, REI is a very powerful tool to building LONG TERM WEALTH. Some people have different goals in mind when going into it. And I am curious to know yours. If YOU ARE buying an investment property, d...