Matt B.
Homes with ARV's less than $100,000
We are in a rural, Midwest market where a $300,000 home is expensive. The homes we typically do, sell for $130k-$250k. They seem to be our bread and butter, where we can do a quality rehab and still make a profit.We w...
Eric Dickinson
Characteristics of a Good deal
So I'm on the hunt for my first deal. I have run across a few properties that seem like a steal. Most of them are abandoned and trashed out. My question is what are some characteristics that buyers, flippers in this c...
Steven Nguyen
Wholesaling in AL - Getting Started
Hello BP Community,For the experienced wholesalers - what is the typical/average profit margin? How are you generating your leads? (i.e - cold calling, letters, etc). Any metrics/data would be appreciated. What has ...
Elda Castillo
Need more capital to flip a single family
Hello BP community,
I am rehabbing a house that needs more work then what I originally planned. This is putting above budget.
I took out a rehab loan to flip the house so I'm in a bind to raise needed funds to compl...
Brian Champine
Depreciation recapture - a losing proposition?
Most of the articles that I've read assume that capital depreciation is deducted from current year income at 25%, or deferred in the case of someone with too high of an AGI to deduct real estate losses. In my situati...
Jeremy Quilon
70% rule in flipping
Does the 70% rule always work out? What other rules are there in flipping?
Jeff Cody
Flipping Report from ATTOM - saw on CNBC today
Pretty interesting piece on CNBC today following a great report on the national flipping market from ATTOM Data. Looks like the rate of flips increased from last quarter, but the profit margins declined. Interesting...
Dylan Dell
Wholesale Tax Implications
Hello All,
Just a quick question for the seasoned wholesalers out there. I'm wondering what the tax implications are specifically for wholesaling and which forms are utilized. Obv- my best bet is to touch base with...
Shawn Nguyen
My brother and I made almost $42,000 on first flip!
Hi everyone,
My brother and I just made $42,000 on our first flip. Our business is slow, so we decided to flip house. My original plan was to buy a fourplex and invest in it, but the price was just ridiculously high...
Tennita Funmaker
How Do You Determine Your Wholesale Profit?
I haven't done any wholesaling yet. I'm just starting to gather information. My question is when you find a deal you want to wholesale how do you determine your own profit? Do you start backwards with what rehabber...