Joe Latson
Complete Guide to Creating a Scope of Work
A Scope of Work (SOW) is a description of planned property renovations, with the primary components being a line item budget and a construction schedule. A detailed SOW is important for nearly every type of value-add ...
Garen T.
Zillow Values for a duplex
I own a duplex that I purchased new. I have a pretty good idea of what it is worth, but I'm trying to reconcile that with what Zillow is reporting. It is a duplex with just one address in zillow but is for both units....
Danny N.
Question/Advice About Taxable Income On $507k Cost Basis Condo
So I was just thinking about this tonight and will call my CPA tomorrow, but figured Id ask here for now. I have a rental condo currently thats worth $650-675k, I bought in foreclosure for $507k, 18 months ago. Anyway...
Ed McIver
horrible day in court
I had a horrible day in renters court today. I will spare you most of the details. Last September the building got bed bugs, I made some stupid mistakes. And the tenant lied a lot. The tenant has not paid rent since O...
Juan Alvarez
Questions to ask sellers agent?
I’m planing on making an offer on a duplex tomorrow. I did not schedule a tour due to the fast market in the dfw- but I do plan on driving around the community to get a feel for it (potential house hack). If it were ...
Felix Torres
Renovation Base Budget for Multifamilies
Hello Everyone,I have a few questions on renovations and long-term profitability.Do you have a base line on what you should spend on renovations?How do you develop your budget?Do you under or over estimate your renova...
Shequann Burrwell
Deal or no deal
Looking for some clarity on this deal I would like to contract. I think the asking price is to high
And will need to be lower to allow for myself to make money and the buyer
Property Type
Fourplex
Bedrooms
2 (4 units...
Paul Veronis
Estimating Rehab Costs
Hello BP community.
I was wondering if anyone had any advice or different systems they use to estimate what the rehab price would be of a property. I am trying to wholesale distressed properties in MA, but am having...
Kenneth Sesley
Wholesaling
Hi. My name is Kenneth and I'm new to wholesaling. It's great to find BiggerPockets.com. I have a question regarding repair estimations I was told by my guru to simply estimate on the basis of square footage exampl...
Steve Rozenberg
Managing Maintenance Requests
What Do You Find to be the Best Way to Manage Your Maintenance Requests?