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Hello fellow BPers :-)So Im in a dilemma (or at least I think I am). I have used the same contractor for two of my renovations so far. I pay him $50/hr. I play the role of the general contractor in terms of I usua...
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I'm in the middle of purchasing my first flip and I'm getting a little nervous and would like to make sure I'm doing this right. I live in California and the house is in Texas. This is a major renovation (close to 1...
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First off, I am sure I am not the first to think about this and it may be being done everyday. I have thought about this many times and would like you to chime in on whether you feel it would work or be a complete wa...
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Should pay taxes or too much for a property? I have 2 weeks left to ID a property for 1031. The taxes owed would be around $15,000. Stuck myself in a situation without doing any prior marketing for deals because I w...
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Hi, I'm under contract for my first property, a 4-plex. I received loan estimates from 3 different companies (30 yr conventional). Two of them are in contention. 1 has a lower rate by 0.25% and the other has closin...
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My wife are in our mid twenties. We don't have kids yet, but plan to eventually. The most important things to us are family and being good people. Both of us work full-time corporate jobs in the bay area, and neither ...
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What's up BP Nation? I flipped my first ever burned out "Firehouse" a few months ago and it turned out pretty well. $52,069 in profit. This story has a few interesting twists and take aways as well. One of my key take...
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Perhaps I have been lucky to avoid this on the first handful of properties but I recently had my first dispute with a contractor. I received a bill for much more than we agreed to. I called several times to try to s...
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Okay here's the story... A good friend at work asked me to help her sell her house. She is the original owner of a little over 20 yrs but has been having issues with the bank and got a little behind on the payments. ...
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Need advice, I am looking to grow, and am having a hard time figuring out what to do. Do I hire a GC to run the flip houses? I have always done it myself, but since I can't be two places at once, not sure how to run j...