Real estate investing has always been on of those things the more you know, the better you can navigate. Given this last 15 months plus with sky rocketing material cost, increase in labor cost, more expensive acquisi...
I paid $15,500 total for a new roof on my SFR rental in 2016. In doing my 2016 taxes the invoice breaks out local and state sales tax (~ $1,500) on the roof. Can I segment it and include the tax portion on my SCH E ...
Just wanted to see how anyone investing in LA County is doing with their Real Estate business? What's hot what's not?
My investing partner and I are about to start on what we hope is a series of flips, in a town about two hours from us. I am very familiar with the area, and we will be partnering with another experienced flipper/inve...
A little bit my background. I run 3 hedge funds currently and have worked 3 years as a framer and finish carpenter. I have done more than 300 construction projects and development projects. I also studied for my certi...
I am starting a partnership for flipping. I am responsible to find the property and funding, my partner does the renovations (the contractor- including labor and expenses) and we share the profit. He wants a bonus o...
Roofs confuse me.
I know that issues with a roof can make or break a deal or turn a big profit into a loss, but I'm a bit lost in the roof lingo. When a listing claims "new roof" can this mean multiple things? And wh...
Good afternoon BP! I am getting into wholesale in the Chicago land area, so far I have had little trouble getting in contact with "motivated sellers" and getting things under contract. I am working on getting my first...
I'm sure this has probably been answered before. We are just starting out here in the Nashville area. I'm looking to put together my spreadsheet to help me cost out rehabs. Does anyone have idea rough numbers they ...
So I'm becoming a very good friend with this contractor of mine. I'm trying to think of ways for us partner together on deals. He's open to the idea. So I proposed that I find the deal, we split the purchase cost, and...