David Shamataylo
BRRRR deal advice using hard money
Hello everyone, I'm a new investor based out of Puyallup WA. I would like to see if I can get some advice on a BRRRR deal I will be closing on soon. Here are the numbers:
Purchase price: $350k
Rehab cost (2009 buil...
Grant Liddle
Seeking advice on compensating contractor for structural work
My wife and I are currently working with a contractor who is addressing a foundation issue with an older duplex that we purchased last fall. Unfortunately, we discovered that the main support beams in the floor of th...
Evan Griffin
Advice on Renting my Property or Selling it? Pros and Cons
Hi, I live in Redmond, OR and will be moving to Eugene, OR April 2020. I have time in my favor and I'm trying to make the best financial decision. I work in Alaska 8 months a year commercial fishing and am on my secon...
Jeff Wilson
Tax guy is saying I can't claim a property I held more than a year as capital gains
Instead he is saying I need to claim it has self employment income since it was not a "one time only situation". This is a fix and flip that I loaned money to. I have performed 3 other fix and flips and am continuin...
Grace A Tibbetts
Wondering about my strategy for getting started
Our home is in my mother-in-law's name and almost paid off (only $8,000 left). My thoughts are to take out a $50,000 VA loan out on the home to put it in our name, pay her the rest of her money, and use the money to i...
Damikaz Tormen
Canada, negative cashflow rental property to reduce income taxes?
Hi everyone,I am currently living in Canada and I'm in a position where I am getting eaten completely from taxes on my salary income. I'm maxing my RRSP, TFSA & FHSA but taxes are still eating way too much...As su...
Jeff C.
What to do with a SFH in SF Bay Area with negative cash flow?
Hi, all,
I am new on BP and looking forward to learn from the BP Community. I am trying to decide what to do with a SFH with negative cash flow. I purchased it at the height of the housing market for about $790k. ...
Mark Coleman
Reputable Contractor Houston
Looking for a great contractor in Houston TX, that doesn't deal in ambiguity, overpricing and poor business habits. Any help would be greatly appreciated. Seems like all the contractors I come across are subpar. I am ...
Joshua Wilson
Help with my First Deal!!
Hi,I am working on my first owner financing or lease purchase deal. The owner has not decided on which way to go. Details: House is located in Lancaster CA on the westside. Nice area. Its a 4/3 1800sqft. half acre. Ow...
Jay Griggs
23 Year old --- career advice seeking
Hello Everyone!I am new to the community. I'm 23 years old, and I currently work a corporate job. Recently, my father passed away, and I don't know if I should stick in my corporate job or help my mom manage my dad's ...