Evette Richardson
First successful flip
Investment Info:
Mobile home fix & flip investment.
Purchase price: $110,000
Cash invested: $30,000
Sale price: $195,000
This project was fully OPM. No money out of pocket. We were in and out...
Dallas Smith
Baton Rouge real estate market
I was informed by my realtor. The market in Baton Rouge is being handled by buyers very aggressively. For example, houses are only on the market for a very short period of time and a bid will be placed. Without giving...
Michael Behr
Help me analyze this deal
Good morning,I found this deal and want your thoughts. I plan to live in one unit rent the 2nd and finish the third unit rehab. Section 8 says the rent is 1992 per month. That was my plan to make it section 8. If I li...
Aaron Smith
Capital gains
BP Tax Gurus,My question is regarding short term rehabs. I know that if you hold a property for greater than 1 year, its taxed at a long term capital gains rate (15% for most people), and less than a year, it is shor...
Jack B.
Computing time in inspection period
We were mutual the night of the 8th of this month. Inspection period is 10 days. Doesn't the inspection contingency period end on the 17th of this month?This is in Seattle, WA.
Elaine Kan
Can Short Sale Owner in CA, but property back within 2 years?
Hi everyone, I am a realtor working in CA and an investor who wanted to buy a short sale told me he heard something about if he bought a short sale home and used it for rental and not primary residence, the original o...
Diem Tran
Property held less than 366 days, possible 1031 exchange?
I was thinking about selling a commercial property that I just bought 4 months ago. I understand if I sold it before 366 days of ownership, it's a short term capital gain tax. But if I did a 1031 exchange, there woul...
Jake S.
Hard money into DSCR
Im currently working on a condo conversion project in Louisiana. 2 units into one. Im using a hard money loan and expect construction to be finished around April and closing to be 2/28. I then plan on having it be a s...
Michael Shepherd
Delayed Financing for BRRR
Is it possible to get delayed financing on a home I bought and renovated and rented with my own cash in order to get some money back quickly? And then get the rest by refinancing the delayed finance after a seasoning ...
Bryan S.
Wind Only Policy in FL since Ian
Has anyone been able to get Wind Only Policy since Hurricane Ian?
One rep said Citizens no longer offers wind only. Is that true?