Carlos M.
Potential Flipping Oppurtuntity
Hello BP,
I ran across a potential flipping opportunity and I wanted to run the numbers by everyone to see if I should pursue.
List Price: $70K
Purchase Cost: $5K
Construction: $70K*
S...
Steven Kotik
How to fairly share equity with a possible split looming.
I've tried to figure this out and I don't have a good idea of how this might work. I'm thinking of buying a property with my significant other and I can't help but think we might end up splitting in the future. If we ...
Andy Tomaswick
70% Rule Question
Hi All,I had a question about the 70% rule. I understand that you're supposed to take 70% of the ARV and subtract out rehab costs. What does that 30% that's taken out cover? I'm assuming it's covering things like c...
Ben Hudman
Taxes Selling After Cash Out Refinance
I bought this property for 80,000. It appraised for 171,000 and I took out 137,000 and paid off the 80,000 mortgage and kept the rest to reinvest (57,000). I was wondering if I sold the property for 185,000 if I would...
Todd Barnes
Trying to figure out how the Annualized return is calculated
How do you come up with the Annualized return? What is the calculation, and what are the #'s used?
Luis Medina
HOW TO CALCULATE FIXED COSTS ON A FLIP.
Hi SoCal investors;Does anybody have a ballpark percentage that you use on a regular basis when calculating your "fixed costs" (purchase costs, holding costs and selling costs) when you buy and sell your flip, here in...
Kellan Martz
Cost to paint a house in Cleveland - Fix or Sell?
I own single family home in a C+ area in Cleveland. The city mandates lead paint testing. I need to paint the home interior and exterior to pass testing. I have gotten two quotes. The one I like slightly better is bel...
Josh Splawn
Should it cost 8 -10% to sell my rental property?
I have had one rental property in Idaho for 14 years and a second home that is an Airbnb for less than a year. I have never sold a house before so I was a little surprised to get an estimate from my agent that it woul...
Matthew P woermer
upgrading two 3 families to sell cost of owners meters
I have two 3 families w/3 gang meters. looking for cost to upgrade to (4 gang meter) utility says no bypass switch needed and the panels can stay in their current location. I know that common area wiring will be ext...
Prashant Sheth
Cost for cash out refi vs sell to another LLC
So I see a few lenders out there where my refi rate may be higher than the purchase rateWhy is that?If that's the case and I have an asset in an LLC can I "sell" that to a new LLC? What would be the less expensive opt...