I have a question? I understand the 50% rule for the most part but am unclear about what expenses it includes. If you purchase a property and rehab it completely is it safe to assume your expenses will be slightly l...
Hey allSo I feel that I have a strong handle on how to determine what a property is worth in my area based on it's current individual condition; as well as what it will be worth once it is fixed (ARV)... but I am stru...
Hello Jax Area BP,I’m closing on an AirBnb on 9/1 and I’m in need of a cleaning company. The property is in the downtown St. Augustine area. Any recommendations would be appreciated, thanks!
We are under contract on our latest project, so I wanted to share some lessons learned from our 8th flip and our first attempt to hire contractors to do more of the work on our flips. And yes, many of the "lessons" I ...
Hi folks,in 2018 I purchased and placed 3 short-term rentals into service -- my first year doing STR. I have filed an extension on my taxes, but want to get them done sooner rather than later. While I have kept good ...
Hi BP, I have 2 rentals that were acquired over the last 6 months... Property #1 closed Dec 2014 and was officially on the market May 1st 2015. My tenant just moved in. Property #2 closed mid Feb 2015 and should be...
I'm starting to analyze deals in the Central PA (Carlisle, Mechanicsburg, Harrisburg, Lancaster) area. I'm looking for suggestions on how others have come up with $/sqft to use in deal analysis for Flips and BRRRR's. ...
as a flipper, with the participation of a wholesaler and a hard money lender, what actions should I take BEFORE I close and buy a house (tell me step by step please because i dont really understand the sequence of eve...
We've rented from the same property management company since 2006, and were in our last unit for 7 years. Smoking was not prohibited, in fact when we specifically asked if there were smoking/non-smoking units, we wer...
Hello. I have a rental in Ohio that 2 tenants were splitting the rent on. One of the tenants possibly has some mental issues. Both tenants were using a Help Crisis Center to pay their bills and my rent checks were com...