Hello everyone,
I own a home that I intend to flip (yes, OWN). It is gutted and half way through frame and ready for foundation work. About out of cash, 110k to complete (parts and labor). Make about 55k a year after...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $328,000
Off market 4 plex in paseo arts district area
What made you interested in investing in this ty...
I watch a lot of RE shows about flipping and solely renovating. I know that there is more behind the scenes then what is shown on TV but on these shows, they seem to be able to do a renovation for between 30-40K. Incl...
Two of our rentals have taken on water and our personal home might too.
I was thinking about going over there as soon as the water recedes under slab and start shop vacuuming, ripping out baseboards/door trim and she...
I've got a family member looking for help to find a way to finance the rebuild of his home after a total loss from a forest fire in 2020 near Medford, Oregon. His home has already been rebuilt, but due to the rapid pr...
Hello,I've recently come across an opportunity to get into a group here in my local market. The luck i've had with getting serious investors behind me to fund my own deals has so far been slim to none and I figured it...
As everybody knows there is a huge shortage of inventory in many areas of the country. I have been able to stay ahead of this shortage by investing in different areas. Most of these areas have had big rent increases...
New to accounting for FLIPS.
Right now I have all expenses (utilities, material, labor, interest loan payments, insurance) posting to the WIP account.
Should I be posting construction loan draws to the WIP account...
What are your thoughts on this deal?
It's got 4 1br/1ba units. Comparable rents in the area are $350-390, some including partial utilities.
Asking price is $29k and it needs "about" $25k in repairs, which can be ...
I've been a long-time lurker on BiggerPockets but now I finally have a question worth posting. As a 22 year old I'm tired of having manual labor jobs and am looking for something that I can call a career. It's frustra...