We have just made our first claim after major water damage in a rental. The insurance company deducted nearly 6K off the payout for depreciation? This makes no sense to us and we have never heard of it before. Is th...
I have been searching for off market deals or awhile but when it comes to send an offer on it, I don’t know what is the right price to offer for it, it doesn’t just have numbers listed for you and the owner just want ...
Just want to check my understanding. When people discuss Cap Rates, I think it subtracts off for all cash expenses EXCEPT Capex. Is that right? Is there a measure that subtracts off for Capex?
I am running numbers on a foreclosed property. Asking price for this foreclosed property is$460,000 The ARV is $593,945 with 10,000 rehab, $25,000 buyer fee and $12,750 is my fee. My max offer came to $536,250.00. As ...
When doing a flip 100% all cash. Do you pay taxes on the price you sell the house for. Or just in the money that you made profit on?Let say you bought a house for 30kSpent 20k on rehab And sold for 70kDo you get taxed...
Can someone explain what debt to income is and means?
I have an investment property which I'm thinking of selling, its worth approx $900k, I paid $480k, and owe approx $300k. I was thinking of doing a 1031 exchange, but confused whether I need to buy another $900k p...
Hello fellow investors, joined this site almost a year ago with no luck on any deals guess because of the fear of screwing up since I'm still new to this, but something keeps telling me to try so I did a small yellow ...
Hey BP, quick question:When analyzing a potential rental home investment and/or house flip deal, what data do you gather in order to make a sound analysis? Where can I obtain that information without having access to ...
Hi everyone. I just recently found BP and this is my first question.It seems that one of the main purposes of the Fix and Flip calculator is to determine what your max allowable offer should be based on ARV and profi...