Ryan Johnston
Comps are all over the place, which one do I choose?
Hey BP,Kind of in a predicament here. I'm running comps on this property and I'm seeing stuff all over the place in terms of price. I'm trying to get an ARV for this property but I'm getting stuck on what it could be ...
Thomas Bryan
Capital gains tax on a four unit that I lived in for 4 years-1031
Hello BP! I have a few questions regarding the sale of my four unit apartment that should be a CPA's dream! I bought the building in 2013 for 74,000 as a three unit that needed work. I since converted it into a four u...
Ligmon Williams
Calculating Arv/repair cost
Hey guys have A few questions that I think could help me and many other wholesalers/real estate investors close more deals.1. What tools do you use to accurately calculate the ARV of a property? For ex. I use propst...
Renee R.
Zillow question
Cheers!
I'm a newbie researching a property—a 3 bdrm condo in a complex. I checked Zillow.com to get a comparison. Zillow says 2 bdrm properties in the same complex sold last year for about $40K less than t...
Michael Brown
What should I offer for this 4plex?
Current income is: $1675 per month/$20,100 per year.Tenants pay between $325 and $500 per month. Two losest payers have been there 5 and 13 years. Once stabilized they should pull $700 each.Last year's expenses were: ...
Tina Rubin
Rules about raising market rent on long term tenant Providence RI
Scenario: Tenants who have been living in a unit for 10 years and paying $1K and the identical unit is renting for $1800. The tenants are month to month with no lease. Wondering the best approach to raise them to mark...
Justin Brewster
Dividing Duplex into two Parcels
I would love the input of the experienced! I have acquired a property zoned as a duplex on a single parcel. This is two identical 3/1 units sharing a center wall. What would it take to zone it as two individual parc...
Brandon Cuellar
My First Flip - Fort Worth, TX
I closed on my first flip last month and wanted to share my experience so far. Quick background about me, I'm a sales manager at a Honda dealership and have completed one wholesale deal earlier this year.Location: For...
Matt Jones
Analyze my deal - single family rental
Hey BP!All of my current units are in 2-4 unit buildings but I have the opportunity to buy a single family house with owner financing and I'm looking for some input! DetailsPrice $80k (ARV $125k)Repairs needed $15k$1...
Wade Stahle
Capital gains, selling 2 months before 2 years.
Hi BP,I am planning on selling my house before the 2 year mark. However, I am at about 22 months of ownership. Will I owe capital gains taxes? If so how much and how did you calculate this? Purchase price was $187,000...