Aiyman Khan
Wire transfer fee COGS or business expense when flipping
Hi I am new to flipping and bookkeeping both so please bear with me, if I am not wrong I will be putting the cost of a wire transfer fee into cost of goods sold for a specific property, or would they go into my busine...
Solomon Solomonov
Determining Occupancy/No-Inspection Issues
Hi all,
First off, I am new to BiggerPockets and a novice investor. This site has been incredibly valuable in my education and I am very thankful. More to the point:
I am currently conducting due dilige...
Adam Stanton
potential deal
I have a FSBO near me that I'm toiling over. Owner wants 80k but it needs a lot of work including new roof, all new electrical, some structural repairs and an update to kitchen and two baths. That doesn't include fi...
Michael K.
Replacement Cost as it pertains to valuing property
Seems like different Investors have different uses for replacement cost in terms of valuing potential investments.
The way I understand it, in general, when replacement cost is above the cost of acquiring an equivalen...
David Smith
3-year rule — anyone ?
Purchase price + rehab price = 3 years of NOI In many places, it won’t happen. But , doable in some places. Working for you ?
Frank S.
Are Rent Rates Plateauing or Slowing Down?
I have several SFHs (all are 3/3, double car garage, single story, B+ to A) that historically have rented quickly. However, I am beginning to experience longer days to rent than usual. I monitor and analyze other si...
Jen Etten
How to expense holding costs for a new development?
Hello, I own a construction co with my husband. We are going to start a SF Spec home this fall. As I was doing my analysis in my spreadsheet, it occurred to me the holding cost for financing the project will be around...
Bryan H.
Metric for paid off rental in year 2?
What is a good performance metric to measure when assessing a property owned outright after the first year? CCR is used for year 1 only, right ? Is it IRR?
I just starting investing last year and my goals for purcha...
Winston A.
Building Basis - "Adjustments for Items unpaid by seller" on HUD
I am trying to calculate my building basis for tax purposes.
Can I add the items under the heading "Adjustments for items unpaid by seller" on my HUD statement? Specifically, "County taxes" on line numbers 211? Thi...
Chris Mignone
Off-Market Gadsden Portfolio Rental Property Purchase
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $207,000
Cash invested: $213,000
Connected with a seller who had inherited multiple properties that they did...