Account Closed
Madison WI Building Permits
Hi Everyone, I'm posting on here because I cant find a straightforward answer on the City of Madison website. We are in the process of acquiring our second duplex and it is going to need some work. One thing that is o...
Clara Brashear
How to become project manager?
I want to start flipping as well as be able to do my own contracting work. How does one begin to learn about being a project manager/contractor without needing a license? Is there a way to be involved in a project and...
Nancy B.
De Minimus Safe Harbor HVAC Question
Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...
Randall Re II
Why going through a scope of work is important in real estate
A scope of work is a document that outlines the specific tasks, deliverables, and milestones that are involved in a project. In the context of real estate, a scope of work might be used to define the terms of a renova...
Joey Chrisman
Doing work on your own flip... not allowed under Arizona law
I have a fixer upper house that my LLC now owns and am in the process of getting plans together and starting the renovation on it. I would like to ideally sell the property when I am done with the property. Im tryin...
Gregory Montalto
You have the keys. What do you do first w/ rehab property??
Situation - You've just closed on a new property. It needs significant repair / renovation work. Your goal is to fix it up and have it rented or on the market as soon as possible.
What is the very first thin...
Jonathan Satizabal
Purchasing properties with "illegal" units
Would you purchase a property in Chicago with a non-conforming or illegal unit? What are your exit strategies if an issue comes up? What are the insurance or legal risks? Would you purchase the property valuing it wit...
Wesley Emison
Tax impact of renovations on a duplex - Useful Lives
Hello BP Community, thank you in advance for reading my questions and providing me with your thoughts.I have recently purchased a duplex and will be renovating both units. I want to focus this discussion on what use...
Allen L.
Permit expired, contractor walked away, what next?
Hi all,
I have quite a big problem. The GC that I contracted to rehab two properties took the money, finished partially, and then walked away, no longer replying to my calls and texts. On one of the houses, he pulled...
Virginia H.
Homeowner Associations - Why Buy There
I hate HOA's. I always have. I always will. However, others must love them because they are built. People buy.Question:What are the pros and cons of flipping in an HOA?