Account Closed
do these cracks look like a deal-breaker? (masonry)
Hi all, i'm getting ready to close a triplex in Sherbrooke, the inspection turned up quite a few cracks in the brick though....like the building leaned slightly to one side a while ago (although the foundation is soli...
Hunter Van Wyhe
First time buying multi-family. Looking for options
I Own a single family home and have been house hacking for 2 years. I would like to get into some quadplexs that are for sale in my area. Here is the situation. A seller is selling multiple properties. I can afford on...
Junior Salters
Condemned Property
When wholesaling a condemned property, what needs to be done to take this status off of the house? Would this be done by me (the wholesaler) or my end buyer? I assume it will need an inspection, but don't know much...
Kevin Macdonald
Depreciation question when paid less then land value for house/land.
I am reading a book “every landlords tax deduction guide”, which was recommended to me from this site. I understand that the 27.5 year depreciation is only for the house and not the land value.
I bought a piece o...
Joey Chrisman
Is a General contracting license needed to flip/rehab in AZ
Hello,First time flipper here. I am interested in buying property and rehabbing it/changing it drastically from what it is now. In Scottsdale most houses can't really be flipped profitably say by just adding some l...
You have home renovations in the pipeline…but who’s going to manage them? Do you need the expertise of a general contractor, or can you manage tradespeople yourself? With so much at stake, including your budget and ti...
Brandon Riley
Thoughts on structuring this deal
A elderly member of my extended family (Dad's step-father - I don't know him) has a Single Family home in Mesa, AZ. The house is probably worth in the neighborhood of $175-180k post rehab. The house is in very rough s...
Patrick Fraire
What to do when you find structural damage while in escrow
Im about halfway through escrow period structural damage was found during the inspection. My inspection contingency window closes in two days. What should my next steps be?
FYI
This is a tri plex in downtown River...
Brandon Becsi
Equity partners in NC
I have opportunities in NC for houses that are all-in around 75-100k, ARV 125K and rent for around $1200. I'm creating these deals in Trusts and brining on equity partners, has anyone done anything like that before? C...
Catherine Decker
best way to structure partnership when 50/50 DP but 1 does PM
Hi BP Community,Looking for some sage advice on how to best structure a partnership for a deal I am working on right now. Have been looking for answers to this question in the forum, but nothing quite fits.I am partne...