Michael L.
New Build: Move in or sell it
Hello,I'm getting ready to finish a new build and I'm having trouble deciding if I should live in the house for 2 years in order to benefit from capital gain taxes and have a large chunk of equity or sell it and make ...
Paul Juell
Full rehab project on Marge St
Investment Info:
Single-family residence fix & flip investment in Tucson.
Purchase price: $237,500
Cash invested: $70,676
Sale price: $335,000
Definitely a full rehab! Needed just about every...
Account Closed
Analyzing Fix & Flip Numbers
So correct me if I’m wrong here, but when buy deals from wholesalers, is the rehab cost included with the numbers or would I have to add that on top of their asking price. Like for example if they ask for 150k but nee...
Jose Bernard
Successful flip Project
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $147,000
Cash invested: $24,000
Sale price: $260,000
single Family flip financed with 0 of my own money.
...
Casey Hampton
Primary Home Sale
Hello all,I need clarification on capital gains tax. I bought my primary residence (Texas) in 2012, cash for 850k. I have not gotten it appraised but pay taxes for $1.5M. I am looking to sell and am also getting marri...
Francis Branagan
Flip or Buy Hold Portfolio
This is a would you rather scenario. Its a time sensitive scenario, you can't choose both. 1. Flip, purchase price 110k, needs 40-50k, sell for 199. 2. Rental Porfolio, 5 houses local same town 300k after taxes and mo...
David Robertson
To leverage or not to leverage that is the question....
Background: I am currently looking at purchasing a house listed at around $14,000 to flip as my first real estate investment. I have ran the numbers and think the house needs around $11,000 (with a 10% contingency) i...
Brandon Sturgill
What Costs & Percentages Do You Include in Max Offer Formula?
Down Payment (25%?)Entrance Costs (lender fees) $2,000+Rehab Costs?Holding Costs ($3,000)?Exit Fees (8% or resale price)?Mortgage Payoff?
Challenor Jack
Making an offer on foreclosed property
Hello BP family I am in the process of making an offer on a Chicago SF home 3 beds 3 bath. It is listed at 140k and in need of approximately 15K work. The properties in the area are within the 190 to 240k range. My qu...
Ernest Lopez
Quick books flip program
Does anyone use the quickbooks accounting programs on the BP perks. I noticed that it was called “flip” and wondered if it is only geared towards flipping houses, and would it benefit me if I was renting or wholesaling