Chris Simmons
Siding material for long term buy and hold
I have a contract for a property in Tulsa, Ok and there is enough damaged siding, rot and termite, that all of it needs to go. That will allow of necessary repairs of termite damage to framing since walls will be ope...
Jake LaRoche
Where should I buy materials for my rental?
First time investor here! About to close on a multifamily property and ill have to start picking out material soon. Im trying to figure out if i should shop local or if there's some good websites with better pricing i...
Ryan Lott
Third Party Purchasing Agents for Materials & Rehab
Hi BP,Has anyone here had experience dealing with an independent purchasing agent when it comes to buying materials (construction materials, “fit & finish”, cleaning and office supplies)? If so, would you mind sha...
Alik Levin
TurboTax, Schedule C, Wrong Federal Refund/Material Participation
Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...
Sean Salandy
Contractor Draw Schedules and Who pays for Materials
I am planning to use a Hard Money Lender to complete a rehab. I am assuming I will need to set up a draw schedule for any potential contractors. So far, the contractors I have contacted are expecting me to pay for all...
Michael Turner
STR Material participation requirements for married filling jointly
New to the forums, and I haven't been able to find the answer to this question yet (I apologize if its been answered already). My wife and I own a STR property via an LLC in which we are the sole owners. The LLC is in...
Tom Dean
STR material participation to be considered active business
I've been researching this quite a bit and am looking into acquiring an STR that I would actively manage and would keep average stay at 7 days or less. I would like to meet the requirement of spending over 100 hours o...
Brendan Ferguson
Study Material for Illinois Mortgage Lending License Exam
I just completed my 20 hour course for my Illinois Mortgage Lending License and the final step is taking the state exam. Does anyone have any good studying material for this exam or have any insight on what I should f...
Ram V.
Install HVAC at home. What does it really cost?
Trying to figure out the “real” cost of installing a new central AC unit and replace existing old furnace.This is in San Jose, CAHome is 1600 sq ft - 2 story Got quotes that range from 8.5k to 15kI guess the need is a...
Erika Unhold
contractor bid only gives labor cost-guesses on materials?
Hi All,I got a bid back from a contractor in Florida that is labor only. Seems like I have heard that you can make a rough estimate at labor, based on material cost (2-3 times materials = cost of labor). I have trie...