Dina Harleth
Deducting repairs done while living in a property?
I'm currently living in a house that I want to convert to a rental. I've been told by a couple accountants that I can have repairs done while I'm living here and still deduct them - that I can justify that these were...
Charlie Nghiem
Fire Damaged Home in High End Area
I've been searching and this house actually popped up on Craigslist. Has anyone with experience think it is worth it? I see the potential in this house. It was built in the 70's and still has some of the historic note...
Jason Grosso
Need advice on a flip
I have a property I am trying to nail down right now. The price is right and the margin is awesome. Needs some work...about 6-8k or so. Kitchen is already remodeled. The concern I have is asbestos. I was driving the n...
Shilpa Shankar Bhatia
First Brrrr Investment Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $41,000
Cash invested: $120,000
3 bed/1.5 bath
Currently rented
What made you interested in investing in t...
Chris Blackburn
Tax credit 45L for a 90 unit or 112 unit project? What should it cost?
Tax credit 45L for a 90 unit or 112 unit project? What should it cost?New construction. Followed Energy credit. The company is looking at charging %25 which seems like highway robbery. Am I being cheap?
Priyanshu Adathakkar
Exciting New Projects - Crowd Flipping
I am very excited about our 2 new crowd flipping projects. The first one is in Olde Town East which is a 3Plex new build in this Central Ohio historic district and the other one is in Delaware, OH which is a fix and f...
Atul Mathur
Do you need to use a licensed electrician/plumber etc.?
Is a landlord required to use a licensed tradesman when doing work in your unit. I'm thinking of smaller handyman type jobs like changing a switch, replacing hoses on a washing machine etc.Is there any potential for...
Ki Lee
Apartment with mold??
Hey BP,
I'm considering a MF investment in the Ohio area that has pretty solid bones and good potential. It's townhouse style garden apartments, 2bd 1ba in a C+/B- area. Definitely not war zone, but lower working c...
Account Closed
Asbestos Testing Question
I just started my first major flip in Philadelphia, PA. I am trying to get some advice on what's the best way to handle asbestos testing on a full interior gut. Asbestos...I know...shriekkkkk. Anyways, please don't ov...
Jeff MacIntosh
Mildly complex question
I am in NY, my friend in Texas owns a house outright that he is rehabbing, due to some unfortunate circumstances he has run out of cash, and wants to finish the rehab and eventually sell the house. He has some overdue...