Hello,Thanks to all for such great information. I am under contract to purchase my first duplex. I am using a low down payment to live in one side for for a year and rent the other side out. After the year is up, I...
Hey everyone...have a question for anybody who's done this before. I flip and rent homes a lot and often come across items left behind I can't use but hate to throw away. In particular, vintage construction materials;...
Alright so starting this year off. Trying to be more organized in the way that we order our home depot materials. I'm curious as to what others out there are using when they walk through a property making a list of wh...
Hello BP Community!My girlfriend and I are in escrow on our first property! It is a SFR with a 700 SF guest house and a detached two-car garage. The guest house needs new flooring, entire kitchen, and a fresh coat of ...
I got my first property in Philadelphia and the rehabbing games have begun! Does anyone know where to get a good price on building materials, windows, sheet rock, etc. It is completely gutted. I also need bath tub (fr...
What activities qualify for the material participation tests for making your short term (<7 day on avg stay) active instead of passive income/loss? I'm taking the "I contributed 100 hours and nobody contributed mor...
Question for Realtors or anyone who has recently bought a home in this market. Have your clients been stung by an escalation clause? I am looking to go under contract with a Pacesetter home soon and was advised there’...
My partner and I have around $200k of housing materials warehoused for future rehab jobs. Furnaces, heaters and the like. Are there any lenders that would lend at low LTV on these? It would help us to have access to a...
What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.
Ok. Here we ...
Hello BP community
I just bought a 2200 square feet single family home in Baltimore City. My wife and I are planning to flip this house. This is our first big project like this. We would like to get your opinion on c...