Cam Kopley
Fix and Flip Personal Labor Repairs - Can you claim them for tax?
I found a deal for a fix and flip. I am wanting to do 90% of the work myself to save reno costs. For capital gains taxes, how can I charge my personal time to the cost for renovation?Ex. ARV - $161kReno-$16k (if co...
Drew Sing
How I hosted travelers in return for labor help with my flip
Hey BP Community, I've been using a travel work exchange site for labor help on my live-in flip, and thought others here would be interested as it has reduced my labor costs to zero on some of my projects, so I wrote ...
Ryan Stirling
How do you handle work (management & labor) that you did yourself?
I'm interested to learn how people on these forums handle property management, labor, and any other expenses that you perform yourself.
Do you assign a value to your time and if so, is it market rate or do you use a...
Eric Allan
Do I buy something needing light re-hab or a gut rehab?
I think the answer is obvious, but I'd be curious to hear from first timers who have tried either approach. My anxiety about a property needing major work is that I'd get out over my skis and possibly get hung up with...
Bob Crane
BRRR on A SFH - Balancing labor cost savings vs delay of rental.
Balancing cost savings vs delay of rental.I recently purchased a SFH to run through BRRR. My budget was based on a split of hiring some of the rehab work but putting in my own time on the bulk.A number of factors are...
David Robertson
Hiring a laborer for first rehab-what do I need to do?
My younger brother will likely be doing some of the general labor around my first rehab project. He is going to likely be using some of his hours towards his internship program at school to graduate. I'm curious, wh...
Pam Davis
Just a pull on a mobile home no labor just a pull
All we need is a truck to.pull It .tires are on it no labor just a pull
Russell Quealy
What documents do I need to write off labor for a flip?
Hello BP!I've been doing some research and I cant find the answer to my question so I'm coming to you! Right now I'm in the middle of a Fix and Flip and I'm trying to make sure all my documentation is in order for nex...
Account Closed
How can I help other investors when I can't do manual labor?
Hello Biggerpockets! My name is Chris and I currently live in Midvale, Utah with my Wife and our son. I've recently been injured and I'm unable to do manual labor. I'm wondering, what are some things I could do to sup...
Ken Nieves
"Free Labor" in Exchange for Guidance/Instruction - How To Articulate This Offer?
Good Morning/Afternoon/Night!Newbie/Wannabe Real Estate (MF) Investor here. I've decided I'd like to offer "free" man hours (unpaid work) to someone who is willing to provide part time employment, in exchange for tra...