Marcos Gonzalez
My math might be off.
Hello BP,I am doing my first flip with my brother in law. It's a SFR that we are purchasing for 187k with and ARV of around 320k. We are estimating that it will need around 50k of improvements putting us at around 250...
Pete Tallerico
Income tax on rental properties
Hi everyone! As a total newbie, I'm trying to figure out this game and am confused about how much and when do you have to pay income tax on a rental property. If I collect $1000 in gross monthly rent, that's $12,000...
Ro Williams
Looking for Hard Money Lenders
I am new and ready to get started on my first rehab, however, I am not finding any hard money lenders that will do 100% on the rehab. Any ideas? My credit is not that great, my only option now is to partner with anoth...
Cody Weber
Mortgage Payment Options
I am a new real estate investor and can see the benefit to both paying down a property quicker using the rental’s cash flow (ex. paying down in 15 years than the typical 25 year amortization) which opens the door to u...
Kyle Jones
Recovering from "Failure"
Hey BP,I'm at the end of a very long and "educational" flip. The deal had a lot of potential, but poor project management and lack of real understanding cost me thousands when I could've walked away with thousands had...
Jessica Campa
LLC TAXES / San Antonio CPA
Hello BP, I am in search for a CPA in San Antonio. I opened an LLC with my dad and brother in 2018. We purchased a home in April 2019. We have been slowly working on the home but my dad has been paying his workers and...
Gerald Alphin
All cash purchase. How does rehab loan numbers work?
Hello BP this will be my First solo fix and flip. My newbie question is below.Here are the numbers...73,500 = Purchase house Cash 70,000 = Rehab230,000 = ARV I've been speaking with hard money lenders and t...
James McGovern
Are their flipper secrets to getting materials at a lower cost?
Are their flipper secrets to getting materials at a lower cost? How are flippers purchasing items such as Tile, LVP, Windows, Doors and so on at an extreme discount?
Sean Becker
Working with an Investor Contractor
Hi BP community,I am looking to find some quality input on the idea of doing a joint venture with a contractor/investor. My thoughts are that I want a contractor to provide the labor and materials on a project and do ...
Chris Marangoudakis
Equity Partner - Deal Structure
I am looking to enter certain partnerships with Equity Partners. My company would be responsible for finding, renovating and reselling the properties and the Equity Partner would be funding the purchase of the propert...