So I reviewed the test that I failed today. I came across a question that I thought would interest you guys.
You buy a property at 25% below listing price. Six months later, you sell that property for the original l...
Good afternoon, I was in the middle of two new builds in the Philly market when COVID hit. Construction was closed down for two months due to a city mandate that ate up two months of my twelve-month loan with one of m...
I am a general contractor looking to build a spec home. I have looked at a lot of homes to fix and flip but there is just not the margin that I would need to make it work due to the current market in my area. After ta...
I have listened to every BP podcast and many of REI experts talk about the 65% (or slightly higher in some areas) of ARV formula for determining if a property can be a successful flip. My question is if people would ...
Hi; i am located in the San Fernando Valley. I started this business about a year and a half ago and I am working on my #3 project.
I'm having hard time finding my next property. First of all there is not much deals ...
I am new to the multi family investing business. I was wondering how much cash should I put aside for taxes? We don't have a state tax so should I save 20% for federal taxes?
Hey BP!I am in the middle of my first BRRRR deal, and I think I’ve found a very low risk cosmetic flip in a nice high end suburb. Very low average days on market, definitely a desirable area to live, A to A- area. My ...
I have a deal that fell in my lap. After selling, I stand to make between 5% - 16% profit ($12k-$36k). Is that a terrible thing? The work involved is just a light freshening up cosmetically: paint, carpet, appliances,...
Relatively new to flipping/rehabing. The rule of thumb we always hear is 70% of the AVR and rehab deducted from there. In our market the median sales price is close to 300,000. I understand in a <100,000 market how...
Hi Everyone. I hope everyone is having a great Tuesday. I wanted to ask where people have been having the best luck lately with flips in the area from Miami up to Port Saint Lucie. I am thinking about Pompano or Port ...