Hey BP,I am very interested in flipping homes but the daunting task of estimating rehab costs with no experience is the biggest hurdle. I read in The Book on Flipping Houses a recommendation to hire a GC (or perhaps e...
We have an older cash flowing rental house that we've owned for about ten years. The time has come that if we want to keep the house we will need to start fixing it up. We have new tenants moving in August 1st and rea...
Hello BP!Today I have turned in my paper to a lender to see how much I qualify for buying a house. I live in Los Angeles Area but planning to buy a house in Ontario. I want to house hack it buy making a studio in the ...
Any feedback on this progressed-based payment schedule for a $450K remodel project?Should there be more specific milestones like flooring, appliances etc? Possibly withhold a little more for job completion? Maybe 15%....
So I was the typical middle class kid funneled into college to get a white collar office job. How does one career change to be a GC? I mean there's a test you can take, but I've read that covers the business fundament...
My opening statement is: I have finally walked the plank, closed a HUD foreclosure a on December 9th, and have been wading deep into this project. Ive talked about doing something like this for awhile now, but lacked...
Many inspiration gurus and success authors like to talk about "lifestyle design" these days. You've probably also heard that real estate investing, with its eight essential vitamins and minerals, can be an important p...
Hello all, For the past 9 months, I have been working my butt off to purchase my first rental property. The first deal I tried buying was a townhouse in Indianapolis for 120K the property was a short sale and needed t...
This seems unintuitive to convert a hotel to a multifamily, but from my underwriting it seems for the property I just got into contract (in the mid west) a multifamily conversion seems more lucrative than operation as...
We are putting in Smartcore flooring in a tri-plex This will be a hold property at this time so we want to make it as bullet proof as possible as we renovate. We are working on one unit and adding flooring but have b...