Jonathan Batson
House Flipping - Preliminary Analysis - Rehab Cost
Hello BP!I am new to real estate investing and working towards my first deal. I have a question about the preliminary analysis on house flipping. I am going through wholesale lists and reviewing comps for the proper...
Bryan Freeman
captial gains on tax deed property
Let's say I buy a property at a tax sale (deed) for $1000. During the course of the next year and a half, I pay about $3000 in attorney fees for quiet title, survey, and the next year's taxes. After one year, I sell...
Alexander Storer
Buying out a business partner
Hello all,I wanted to ask the BP community for best practices when buying out a business partner. We've held the investment for a little over two years, and if possible, my business partner would like to be bought out...
Tamas Z.
Can a lease rider change terms if the lease gets transferred?
Hi all,I'm in the process of drafting a new lease for a tenant whose lease is up for renewal.This tenant is a bit of a special case: Basically, a personal friend with a really good rental deal.He is starting to look i...
Michael Marcoux
DIY vs contracting it out
Hi BP,New rehabber here. Been working on my first project for almost 2 months now. Bought it for 81k, ARV of 210k. I'm learning a lot, and they're unforgettable lessons (i.e. the hard way.) One of the ways my partner ...
House flipping can be incredibly profitable and fun -- but for many people, trying to make it work is next to impossible because of the high cost of homes. That’s why on this episode we’re excited to chat with Steve J...
Catalin Chindea
Purchased a home with non-paying tenants
Hi everyone, I just purchased my first flipper last week. At least that's the idea. The house has a non-paying tenant. Because of this fact, I negotiated the price of the home extremely low. Here is the problem. The p...
Scott Rabin
Commissions for agent/partner in rehab business.
I am getting all kinds of answers as to how/if I should receive a commission as an equity partner in a rehab business. Any thoughts? Should the commissions go back into the profit of all partners or should I be paid...
Jason Malabute
as a business owner you need to be firm
I'm all about helping people and being understanding. If people in the team make a mistake I'll give them encouragement and a chance to fix the problem. My issue comes when mistakes are repeated and it costs me money....
John Tran
Eminent Domain Compensation
Hello all,My LLC owns a commercial building and my business(a separate LLC) leases it. If the city wants to force eminent domain on the building can I file 2 separate claims for compensation?One claim is for the valu...