Investment Info:
Single-family residence fix & flip investment.
Purchase price: $198,000
Cash invested: $1
Sale price: $380,000
Project summary
Asking price: 205 000$
City appraisal value: N/...
I am struggling to decide whether to replace the windows on my flip or not. I have estimated that I would be able to replace all windows for 4k and another 1.5k would be spent on new siding, which is marginal. The cur...
New to accounting for FLIPS.
Right now I have all expenses (utilities, material, labor, interest loan payments, insurance) posting to the WIP account.
Should I be posting construction loan draws to the WIP account...
I've been pondering on this all day, hopefully you can point out the obvious.
Last week I bought a tiny apartment in the city centre, it was pretty much an emotional purchase.
Purchase price was 8500€, repairs and...
I don't know how to write this post without it sounding a little crazy so I'm not going to try. I have a client that has land under contract with excavation contracts worth 2 million dollars. He needs 1 million to clo...
Hi All,I have a potential deal I am on the fence about. I am leaning towards no, but thought I'd check out other's thoughts as this would be our first deal that we've done besides buying, fixing up and selling houses ...
Lets say I flipped one property in 2014 and I am in the middle of another flip.In 2014 I bought a SFR X for 35K, put 30K (all in labor/material/holding costs + selling cost such as cost of closing attorney, escrow etc...
Hi BP,
As an investor-friendly real estate agent that has gained an immense amount of knowledge and resources from this forum, I like to contribute as often as I can and share with you deals that I find/analyze in t...
Hi there, another question from this newbieIf i wanna buy a forecloser house from $50.000, what cost i need to add in my calculation when i would pay cash?1:inspection $300/400 2:Survey letter $3003:termite inspection...
The escrow attorney, chosen by the buyer, asks for the cost basis in properties I'm selling, basically how much I've invested in them. I've never heard this question before from an Escrow lawyer and I'm wondering: wha...