Justin Kroepfl
Foundation issues in potential rehab purchase
I have been looking for quite some time to find my first rehab in my area. I found one that is in an up and coming neighborhood and could bring in a significant profit, but............we noticed and have since found o...
Dina Harleth
Deducting repairs done while living in a property?
I'm currently living in a house that I want to convert to a rental. I've been told by a couple accountants that I can have repairs done while I'm living here and still deduct them - that I can justify that these were...
Beth Phariss
Financing with Foundation Issues
I know it is fairly common in the Austin area to deal with foundation issues. I have the money for the repairs and the down payment. Is it possible to get financing with a foundation repair allowance of some sort, o...
Brian Rudderow
Breaking the 70% Rule on High Value, Low Repair Properties?
So I'm new to wholesaling and am trying to figure out the basics of pricing.Everything that I've come across so far tells me to make an offer of no more than 70% of the ARV.But what if the house is worth a lot and nee...
Wang Windy
Should I replace or repair the roofs after the hurricanes
Hello BP community,I have bought 2 houses LTR in the Savannah GA area this year, specifically in Ellabell. One of them (house B) just closed less than a month ago. As Hurricane Helena went by, both of the roofs got da...
Leanne R.
Wood frame foundation repair
Hi,We are currently evaluating a house that will be used as a buy and hold rental. Our inspector found foundation issues due to termite damage and unpermitted foundation repairs where someone tried to replace the pri...
Tyler VanDerzee
HUD Appraisals
Hi all, I'm a new investor working on my first deal. I am going with USDA funding and I am at a point where they want to send the HUD appraiser out. Since I've already had the home inspection, I have a laundry list of...
Serena Sun
Urgent: Water Leak for brand new house, Please help!!!
Hi Everyone, First, thanks to those who advise me to refinance our old primary to buy a new home. We just finished refinance and use it as the down payment for a brand new house, and it will be closed in couple days. ...
Ryan Melton
Mold question
Hey guys,I'm new and would like your input on an a opportunity I've come across. I found a house that I think can't be bought for $20,000. The ARV is around $120,000. It's filled with mold. The previous owner obviousl...
Josh Massey
Foundation issues when looking for flips
Hey guys and gals. New BP member from Mississippi here. In my area (Rankin/Hinds county) all homes are sitting on Yazoo clay and virtually every "deal" I come across will require foundational repairs in some capacity....