I had the code inspector out to approve the rough work prior to closing the walls. He’s mandating my plumber to do a standing water test. Plumber has never done one before. The sanitary system needs to be filled al...
A cost segregation (seg) study is a detailed analysis of the components of a building so that the separate components can be separated and classified into shorter depreciation lives. By performing this study, building...
Hello all, Over the past several weeks i have been analyzing an off market FSBO 8 unit apartment building and would love to know your thoughts on this deal.Current owner purchased in 2002 for $210,000Was listed in 200...
I always feel its best to be honest. After reading around it seems there are mixed opinions on whether to tell the seller you intend on assigning the contract to an investor or lying and stating you will be buying the...
Hi BP community,I am looking to purchase a multifamily two unit apartment by next summer. I have contacted a couple agents in the location and explained my story/ where I am at. Do they underwrite a property for you?U...
Hey BiggerPockets Community,
I’m looking for your insight and feedback. I am a business intelligence pro & designer who is a host and passionate about STRs. I'm working on launching a STR reporting product design...
This post is for the STR investors who are looking to take advantage of the STR tax loophole which allows you to write off paper losses against your active income. There is some confusion about material participation ...
Mortgage Update: Outlook is not good. The economy continues to shudder to a halt. As I write, lower manhattan looks like a ghost town. My coffee shop typically turns about $1,000/day. As of 15 minutes ago, Carlos had ...
Hi folks,I would like to hear from those that have experience rehabbing properties in Philadelphia, PA. Is there a standard length of time that a GC needs to guarantee his work for?Thanks,Andresa
Hi everyone,I’m considering a turnkey real estate investment and wondering what are the real month to month cash flowing numbers you get from companies such as Morris Invest, Norada Investment, JWB, etc..Thank you.