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Looking at a house that has been owned by very heavy smokers. Overall the house is in poor condition and is a short sale. Nothing that scares me, except the fact that the walls, ceilings, heating ducts, windows, EVE...
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When rehabbing a property, at what point do the expenses become tax deduction? I realize that it will raise your basis, which will effectively reduce your tax burden when you sell.
Here...
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I will be owner financing a rehab. (still negotiating) and it is my first one.
Anyone has any experience with owner financing? Any special clauses need to be included in the contract or is it pretty simple to draft ...
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I have a tax question for the experienced...
I have a property that I purchased, rehabbed and could not sell for a long period of time. I lost a substantial amount of money on the deal (closed in 2009).
My business...
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Hey everyone I am looking into purchasing a property in my area for a rehab flip. I primarily invest in short sales and this would be my first one where I actually spend time doing the repairs.
I have never rehabbed ...
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I am looking at a potential rehab to live in and rent out 3 rooms or to flip.
I am not sure about these costs. I appreciate a general baseline cost to use on bids since I am new to these jobs.
How much to drywall a...
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Hi, I'm Terry. I live and work in the greater Birmingham, Al. area. My team flips close to a house a week for local investment groups. I'm looking for opportunities to expand my business as well as purchase proper...
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We have been in the construction business for over 40 years ranging from small residential project to city government projects. We started investing in real estate back in 1999 focusing on Fix and Flips. We saw a nee...
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Hi Guys,I have a potential house right now that I am looking at. Massive 3700 square foot three unit house in Down Town Buffalo. The house needs a heavy amount of work roughly around 60k in renos depending. It require...
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I'm completing my first rehab and was able to do so with private money. I offered 12%, I know that's higher then the norm but I found a home run deal and was somewhat desperate. Another investor approached me about ...