Anthony Stentella
Profit calculation on a flip
Fairly new investor here just finished a house in Long Branch NJ. I was wondering what other builders and investor put into their final calculations. Purchase price, construction costs, holding costs taxes, insurance....
Christian Beyer
Splitting profits with a contractor
Had the idea of purchasing a property that fits the bill for a flip, working with a reliable (previously used) contractor, letting them handle the renovation and then splitting the profits. The idea being that we can ...
Jesse Rodriguez
profit and loss statement feedback
Hey all,I've created a profit and loss statement but this is my first time doing this and feel like its not correct. If anyone is willing to share some feedback on it, i'd appreciate it. I'd like to use this as a lear...
Account Closed
My first flip- Profit: 19,100
Hey everyone, I finally was able to put my deal under contract (again) and we are scheduled to close on May 6. Even though I feel happy about the outcome, I could have done a better job with the design of the flip whi...
David Campbell
Non-profit buy and hold
I would like to purchase 13 properties on a terrace Street. It is owned by the UCC denomination and is designed for retired clergy and their spouses to live in affordable housing. Ministers don't get paid much and are...
Will Barnett
The Aristocracy of Stock Profits
I love reading a good conspiracy theory, even if it is totally outrageous. I came upon this the other day and thought it was so good, at least in entertainment value, that I thought I'd share it with BP. It's like L...
Leslie Zhang
Profit Sharing and Tax Responsibilities...
I have a new real estate investment company that has a 50/50 or 40/60 split with my investors.
My question is, if I pay the investors out right away, they would receive their portion pre-tax. Will I have to pay the t...
Sean Peabody
Profits from Sale of home
Hello,My father is looking to sell his house but wants the profits from the sale to go to me in my name. Is this possible without a quitclaim deed? The property is in NYS if that means anything.Thank you!
Mark Forest
Is there any profit left
I guess this is mostly a philosophical question, but it's also objective. I notice many landlords of SFH do things like hire property managers, contractors to do even basic work, and when they renovate they put in top...
Matt Smith
Most profitable markets for $200K?
I have $200K to invest in cash. What market would you recommend with maximizing cash flow in mind (not appreciation)?