Cyrus Sidhwa
Purchase Price for Flips
The standard formula for max purchase price is 70% of ARV minus Repairs. However, this doesn't seem to account for closing costs or holding costs which can easily reach tens of thousands of dollars when using a HM...
Amanda Fox
How do we move from being $20K short on our offers to being the ones who get the deals?
My husband and I have been pursuing real estate investing for a few years and have never been able to close a deal. My husband is a real estate broker and my background is in architecture and construction management....
John M.
Live Auctions & Auction.com How-to??
HI BP -I'm wondering if there are any local REI professionals that purchase from live auctions, Auction.com, or any other sites? I'd love to learn a little more about how it works in real time.Thanks!
Jered Collins
Just went under contract (Review Deal & Tax Question)
Just went under contract today on a house in Richmond, Va. It's located in the South Richmond District of Richmond, Va. To the facts...4 BR 3 Full Bath2,497 Sq FtTwo story brick traditional Contract Price = $70,000R...
John Hopf
Tax implications on Spec Home
I am new to BP, and have spent hours combing thorough the forums... it is remarkable how giving and generous so many of you are, thank you.With that being said, I am looking to build my first spec home. I have learn...
Mark Gruetzmacher
Tax Question
Hopefully someone can give me some helpful info. My main concern is with the tax implications.We just purchased a SFR, actually a Manufactured Double Wide on a Basement and 1 acre of land. The property is being purc...
Elizabeth Naranjo
First Fix & Flip - Need some advise.
Hi there,
I bought an investment property in Colorado in mid-may. I live in Florida but I know someone in Colorado who is a GC and I hired them to do the reno. Property is in the best neighborhood in Denver, and it ...
Clayton Tinkler
The Master has failed more times than the beginner has tried
I was wondering if any more experienced members would be willing to share their stories about flips gone wrong, mistakes a beginner might make during the rehab, and stories about problems they have overcome to reach s...
Vin O.
Fix and Flip or Wholesale
What are your thoughts with the market shift that we might be seeing soon. Is the smarter play to fix and flip properties or to try and wholesale them to be in and out allot quicker? What is currently working for you ...
Tosin Oduwole
Sweet Deal in New Jersey that is too small for hard money
I have a residential fix and flip deal at a great margin. I put down the deposit but need a hard money loan to close. Buying property at 21k and need 20k in reno. ARV is $90,000. are there any Crowdfunding sites that ...