John Morgan
Should I claim my wife as a real estate professional?
We have 25 SFR that I self manage. My wife retired a few years ago due to our strong RE cashflow. What are the advantages of claiming her as a real estate professional? We show a loss on the rentals due to depreciatio...
Patrick Goswitz
Purchasing Materials for Contractors
I found a contractor I like to rehab a house I bought. Is it best for the investor to always purchase the material? I am assuming the answer is "yes" to get credit card points and prevent a contractor from charging a ...
Mikael Winkler
In Need of Construction/Renovation 101 Crash Course
Hello fellow BPers! I'm currently managing (trying to manage) a construction project on 10 apartment units that have been vacant for yeeeears. This has been a complete trial by fire, as I had zero experience with some...
Christopher Radecke
Seeking recommendations - San Diego building materials suppliers
Hi all!San Diego investors -- I'm currently working on my first home renovation, employing a live-in flip or long term flip. My wife and I purchased a 1,800 SF 3/2 property in La Mesa. I would love if anyone has recom...
Lloyd Hudson
W2 employee...filing real estate professional
I just had the privilege of going through my first tax audit and fortunately came out with a no change. However, I wanted to take a second to remind any investors who are still gainfully employed, and self manage thei...
Francis I.
Licensed vs Unlicensed Contractors
Hello BPers!I have a property in Charles county MD under contract, which the numbers work really well. Purchase price is $51,500. ARV is $230,000+. Rehab estimate is about $70,000. HML loan at 3 points and 13%. I am d...
Steven M.
ALWAYS PURCHASE YOUR MATERIALS YOURSELF or else!
Anyone, and I really mean anyone that is doing any form of construction/rehab, a word of warning: Always buy whatever materials (lumber, cabinets, flooring, sheetrock, plumbing, tile, sprinkler system, lighting, etc.,...
Mario Martinez
Long distance flipping
Hello BP family!I recently completed my first flip in the Philadelphia area and learned many valuable lessons! I am on to my second one but my question for any out of state investors are what advise you can give on ge...
John Voychick
Brrrr in memphis advice
does anyone have any success flipping houses in Memphis?I'm about to get started on my first flip for BRRRR and was curious about what price points people feel would be safest for first deal. Yes I understand the 70% ...
Jose Contreras
Tax benefits from RE investing in high income earners.
Hello everyone,We recently started investing in real estate in 2020. We are buy and hold investors and currently have 2 doubles in the cleveland area. We got into investing for it's wealth building annd tax benefits. ...