Before I really dive into the waters I really feel as if I need to have a firm grasp on the construction aspect of this business. Unfortunately I have little to no experience in this field and I would really like to b...
I need some handy little sheet that gives me some ballpark figures or range of figures to help me estimate the cost to do some typical rehab work.
Please let me start by explaining that I am not new to rehabbing. ...
Hi,I wanted to get some advice on a situation I am dealing with. I am working with a contractor trying to wrap up a home project. I gave $500 to buy some windows. He indicated the windows would take 3 weeks. Then...
Hi, I have been running a small remodeling contracting company over the past 6 months (i.e. drywall, paint, flooring, trim). I recently provided the below estimate to a GC prospect, but received pushback mentioning th...
I am looking for some clarity on the REP status. My main source of income is a full time W-2 job with a custom home building company (S-Corp). I am part owner of this company. I also have multiple investments as an LP...
Hi, my wife and I started an Airbnb in Sacramento, CA, this year and are new to real estate investing. According to our understanding:1) California does not recognize REP status, but we could claim it on our federal t...
I want to brrrr or flip properties and was super pumped, ready to jump in but I'm seeing the cost of rehab material out of control... Curious what other BP investors are thinking about these issues? I know you want to...
I have been reading the chapter 92 property codes but I have also spoken to a lawyer. Lawyer says I have 7 days to action, 30 days to repair, and 60 days to repair if there is an issue coming up with materials and or...
Hello Flippers/Rehabbers,
To learn more about rehab costs I have decided to go room from room and itemize all the materials that would be needed to rehab that specific room and took a trip to my local home depot to l...
Hi BP, i was wondering if i could ask you some info on analyzing my first flip. i have done rehabs in the past but that was for buy and hold, and one was for my primary residents, so i am somewhat aware of what goes i...