Wesley Sherow
10 Unit Rehab; Project Discussion
Good Day BP Community,I wanted to share the progress on a 10 unit rehab in Albany, New York. Here's the deal details: Purchase Price: $730kLocation: Albany, NYLayout: 6, Two Bedroom Units, 4, Tiny One-BedroomsBudget: ...
Michael Carbajal
First flip under contract to buy at 20 years old
Hello everyone! This weekend i just got my first flip under contract to buy. I have came up with at least a dozen exit strategies, the last one being wholesaling. I got it under contract at 27k and the ARV is 125k. Ho...
Lindsay G.
Writing off renovation expenses
Hello. I am almost done completing a half a million dollar gut renovation on a 2 family. I will be living in one unit and renting out the other unit. Am I able to write off the renovation expenses for my taxes? One C...
Regina Sitterley
Before & After "Subject To" deal - rehab project in Cobb Co, GA!
The owner of this house had inherited it and was trying to keep up with the mortgage while doing the renovations himself. This was difficult for him, as it is for many homeowners, and he fell behind. We got in touch ...
Clayton Maxon
Renting Home with HELOC on it
Hey BP,My wife and I plan on renting out our personal residence within the next year after we move. Has anyone had the situation where they got a HELOC on their personal residence and then rented it out shortly after?...
David H.
What are Legal Tax Deductions for a Rental Arbitrage LLC when Renovating a Property?
Hi, my LLC is about to start a rehab on a future STR lake house that the LLC will manage via rental arbitrage. The LLC will be renting the property from my father and he is willing to share some of the cost for the r...
Gene Fish
Commercial Property Purchase for my business
I’m looking for a commercial property for my business (non-real estate related).Just took a few loans for another business I opened and a rental property and I would rather not get a loan right now for a few reasons (...
Dana Chen
Best flip we've done so far
Background: Property is located in Jacksonville, FL in a neighborhood called Isle of Palms. The neighborhood contains canals that go straight into the intracoastal (most affordable waterfront living while still conven...
Rohit Kejriwal
Need a good general contractor for a Major rehab in Columbus, OH
Hey guys,Looking to purchase my first investment property soon, and I'm strongly considering investing in a fixer upper in an up and coming part of town. I'm not doing any additions or demo, but will need to put in s...
Jared Smith
Another Cleveland, OH Investment Property Success!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Cleveland.
Purchase price: $224,400
Cash invested: $50,000
My 2nd multi-family home in the historic Tremont area in Clevel...