Vonetta Booker
Contractor payment, materials & labor questions
Hi, all--I'm in the closing process of my first rehab (a HUD deal), and meanwhile I'm in the process of interviewing contractors. For the most cost-effectiveness & efficiency, does one usually purchase materials ...
Rehaan Khan
How to deal with a bad contractor?
I hired a contractor who left his workers unsupervised, they painted the whole house but did a terrible job because the paint didn’t stick. The contractor tells me I should’ve gotten better quality materials and wants...
Bob Lett
Time and material, pros/cons
Working on a whole house remodel that we are going to use as a second home and STR/AirBnB. With our contract purchase price + contractor quotes we have little to no wiggle room for intangibles based upon ARV. This is ...
David Woodside
500 hour rule - material participation
Is anyone familiar with the rule listed in the title and is anyone that has a full-time job in another industry using this rule? The first two CPAs I reached out to advised against this. Looking for someone who is suc...
Bruce M.
Jimmy Napier - what happened to him
Does anyone know what happened to him ? He had no seminars in 2017 and he has links on his site to other educators. He was a big help to me and I enjoyed his material. Hope he is ok. I know you can get his material fr...
Albert D.
Turn apt land into Parking Lot business, anyone?
Dear BP community,I welcome your constructive comments and suggestions to my crazy idea above.Here is the background. My apt complex was burned down in a wildfire last year. I've been trying to rebuild it since Jan ...
Shafi Noss
Interest Paid on Security Deposits?
I'm studying for my license and ran into this paragraph on the study materials
"The landlord must return security deposits within 45 days of lease termination; on security deposits of $50 or more, the landlord must a...
Richard McCorkle
Estimating Repair Costs In Canada
Good Evening,
As someone, who is new to the wholesale aspect of real estate in Canada, I would like to ask those, who already have experience in the wholesaling sector.
When estimating repairs, are the costs increas...
Justin Long
2nd Buy & Hold Rental Townhome
Investment Info:
Townhouse buy & hold investment.
Purchase price: $185,000
Cash invested: $45,000
This is a townhome purchased as new construction.
What made you interested in investin...
Willis Seng
Estimating renovation costs
Ok, well... Ive never flipped a house before, I have no idea what supplies and materials cost, and I dont know what's a good price for a decent contractor. How do you guys figure out this cost on your first flip?