Oscar Kramer
Can I claim DIY labor on capital improvement towards primary home's cost basis
I plan on adding a paved patio to our home, which would count as a capital improvement. Estimates hover around $30K. I priced the materials at around $5K. If I do the work myself, can I somehow claim $30K when it come...
Joshua Sun
Advice on how to pay for labor, equpiment and supplies first BRRRR property.
For labor we were thinking of using our business checking account to wire money or even use Venmo through our business account.For things such as furnace, flooring, paint, lighting, etc. we were thinking of using our ...
George Glessner
LLC Structure and Insurance
Hi All! I am in the process of creating my first LLC with a lawyer. I am planning on buying my first property this summer through this LLC. It will be a single member LLC. I will have a separate bank account for the L...
Michael Morgan
Possible good deal for first rental property?
I was perusing craigslist and found an ad for a duplex for sale near downtown Indianapolis. The seller is asking $36,000 for a 2 unit, 3bdr/1bth duplex. Claims no repairs are needed, low maintenance property, and bo...
Demarcus Crump
Finance Cost- Leaning material/labor cost as well as HML cash to close cost
Greetings BP Fam, getting the gist on how to run my numbers when it comes to FIX & FLIPS. Im wondering whats a great way to learn the cost of materials and labor AS WELL AS my finance cost when it comes to HML an...
Kenneth Lim
How To Borrow Money From The Bank To Get Started?
Hi, for a newbie who just starting out, no job, no house, no asset, not much cash in pocket... I would like to know how the other guys who started out in this kinda situation make it?
Any experience to share? :cry:
Joshua Rogers
Emotions in Real Estate * WARNING... Whining ahead! *
I'll try to keep this brief to some degree. I own a few single family homes, I make fairly decent passive income, but I am bored out of my mind. Perhaps it's an issue for my counselor, not BP, but I saw there was a ...
Ana Hyler
I have enough now to retire in 5 years!
We started investing 5 years ago… and we’re really proud of our accomplishments so far. In 5 years we went from being tenants to owning our residence plus 19 rental doors! Both my husband and I still have our ful...
Taylor Shapiro
J Scott says he pays 25-35% for labor. Does that include the GC's share?
First of all, I want to thank BiggerPockets and J Scott for teaming up and creating 2 fantastic books on flipping properties. I highly recommend people check them out if they haven't already. I'm just starting "Th...
Corbett Brasington
is 1/3 materials, 1/3 labor, 1/3 profit still what most GCs expect?
I am asking this question for two reasons:1. Is this what a healthy project looks like to a GC? Markup recommendations are all over the place from 20% to 67% and I don't know what is reasonable. I don't want to dea...