Leland S.
How much to put into rehab?
Hi, I'm on my first flip and have all these great and expensive ideas. I'm not sure which ideas are worth the money though. For example, I could just refresh the kitchen with all new hardware or I can open up a wall t...
Debra Johnson
LLC or run through personal account for taxes and banking
Just purchased single, out of state, property for STR. We reside in WA. STR in Boise, ID.
As a married couple do we set up LLC or run expenses and income through our personal names? This is in regards to banking and ...
Kathryn Stevens
Do you incentivize GCs? If so, how?
I know flippers sometimes write penalty phrases into contracts ("must complete by XXX or pay $/week/month"). Do you ever pay your GCs extra when they get it done on time or early? Or, are they being paid to do that al...
Gayla Kemp
DTI score high when allowing new purchase of vacation rental
I need to see if anyone has any insight into this. My DTI score is at 48% high for a couple of reasons. 1.Husband has hourly job with required overtime and bonuses. Only base is looked at which leaves out (rounded ...
Lance Lvovsky
Tax Summary of Coronavirus Relief (CARES ACT)
On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...
Adam Holbrook
Looking to connect with storage owners in SW Ohio or elsewhere
Hello all. I’m looking to connect and share with storage owners/ operators in SW to central Ohio or elsewhere. I’m hoping to find or share the expense of an air tight lease agreement and (auction process)for Ohio. I...
Annchen Knodt
Multifamily Millionaire book capex and repair calculator question
I just finished reading Part I of Brandon Turner's new Multifamily Millionaire book (great book!) and am wondering if anyone can answer a very small clarifying question that came up when I was checking out the calcula...
Jamie Brayton
Best software for tracking rehab budgets and actual expenses?
I'd love recommendations for software that can track budgets for rehabs, as well as actual expenses. Bonus if it is software made for rehabbers/the construction field. Some additional context-- we perform rehabs for o...
Divya Santhanam
Seeking Insights on Cash Flow-Oriented Real Estate Investments in Columbus, OH
Hi everyone,
My husband and I have been exploring the idea of expanding our real estate portfolio, which has primarily been in Southern California. We are interested in investing out of state, with the goal of genera...
Kimberly Fox
Timeline
I've been working with a contractor on my first 4-plex. They are doing nice work but they are moving slow. Do you have any suggestions that I can use in future contracts to speed up the process?