Sam Moore
Go for it now or wait?
I am a 27 year old single man and no kids. The only debt I have is my car loan. I got a promotion at work and will now be making very good money. I’ve worked very hard to lower my monthly expenses and I think now is a...
Garreton Smith
Appraisal for MLS Property
Hello BP Fam, I've been putting in offers all week for flip deals. One seller wants me to get an appraisal done (out of my pocket) to go with my offer. The house is extremely distressed and needs a lot of work done. I...
Johann Harshman
Building a fence - Worth it?
This is my first flip and everything is going along nicely and far under budget (so far!)... I'm debating whether it is worth the time and money to build a privacy fence in the backyard. Details: ARV is $150k, house a...
Jeff Peterson
How much to offer Cash for keys
I have a bad property I want to get rid of and need to get the tenant out and am thinking cash for keys would be a faster and more cost effective than going through the eviction process. If I get to this point after ...
Pat L.
Crazy Tax deductions allowed & disallowed
I got these from our tax prep guy.....
Crazy Tax Deductions that the IRS Allowed:
1. Parents put their child in clarinet lessons and argued that it would correct the child’s overbite. The IRS agreed and allowed them...
Paul Ellington
Keep Current Condo or 1031 for better margins?
Hi BP forum,
My wife and I recently moved in to our first single family home and stumbled our way in to real estate investing after house hacking our condo and keeping it as a rental property. With high HOA fees we ...
Amy Raye Rogers
Why BRRRR is Going to be a Disaster for Most Investors
On the surface, BRRRR sounds like an efficient strategy to reuse the same capital over and over to gain more assets.... And it is. However, a few observations cause me to believe that many investors are following a p...
K W
Look into your crystal ball....
Okay, don't yell at me. I know we're not supposed to estimate appreciation but....
We are still reviewing multiple properties and trying to decide whether to buy or not. All of these properties cash flow, all are in...
Paul Sandhu
Anyone get a side gig because of this crisis?
The refinery in my town is only letting essential personnel in. Everyone else has been let go or else told not to report to work. They contacted me and asked me to work about 8 hours a day doing drug screens on thei...
Emily Lien
Is this a bad deal because of mortgage rates?
List Price: 235kReno: 45kARV: $340kHOA: $100 / monthZillow Rent Estimate: $2,300I couldn't find any information on current investor mortgage rates, so I used 8.1% (my HELOC interest rate) for the calculation. My credi...