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I am keeping small margins now. Trying to balance investor and contractors profits to even them out.
But my boss did ask, how can we make more money building. Here it is.
If you want to make the most money possible...
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Reading some 1031 articles on BP and it is a little confusing that the term proceeds and profits are being used interchangeably. From: https://www.biggerpockets.com/..."Also, all the proceeds from the sale need to be ...
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Hi, there. I am researching flipping market and i can divide it on 3 segments:1. rehab - when someone gets ugly or under condition house, puts a small money to get condition shortly and sale it as soon as possible -...
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I'm reading tons of threads and articles on Fix n Flips...I'm still not understanding the numbers.Look, I like to keep things as simple as possible...I feel like, we as humans have a huge problem making things more co...
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I know that with flipping properties, the profit generated is taxed as ordinary income. And it can significantly increase one's marginal tax rate.Other than the basics of running a business (operating as a pass-throug...
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Hi all, I have about $1M saved and I am looking to get into buying rentals out of state. I live in Los Angeles. I don't mind doing the dirty work, I don't mind working hard. I just want numbers to make sense. I also p...
When you do a sanwhich lease, you have to give the landlord a downpayment, right? (Sometimes). Can you use the downpayment you'll receive from the tenant and give it to the landlord?You wouldnt have to use your own mo...
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I'm new to business and seeking some clarity before consulting an advisor. Could a land flipping business or homebuilder (sole proprietor LLC) spend all profits on land to be held as inventory? Any and all advice is g...
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Hi I am new to this, a partner and I are looking to purchase rehab and flip properties In Houston.My partner will bankroll the whole thing cash and that is it. I will be in charge of getting contractors to rehab and w...
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Hi BP community,I am looking to find some quality input on the idea of doing a joint venture with a contractor/investor. My thoughts are that I want a contractor to provide the labor and materials on a project and do ...