Francis I.
Licensed vs Unlicensed Contractors
Hello BPers!I have a property in Charles county MD under contract, which the numbers work really well. Purchase price is $51,500. ARV is $230,000+. Rehab estimate is about $70,000. HML loan at 3 points and 13%. I am d...
Dan Kelley
Deduction: May be superior to home-office deduction?
I learned of this deduction at a real estate training. It may be common knowledge to you all, but I mentioned it to my accountant and she had never heard of it. Let me know what you think!Rather than using the "home-o...
Chad Lewis
Newbie from Sonoma County, California
Hello everyone! My name is Chad Lewis and I'm from Sonoma County, California (currently living in Rohnert Park with roots in Santa Rosa). I work for Bamtech Media as an Associate Software Engineer, which I absolutely ...
Brandon Reed
Don't know how to start. Please help break these two options down
Hi BP,My wife and I are new to RE investing and are looking to get started using the "house hacking" strategy. We're already approved for a conventional loan and have the funds for a down payment that would be enough ...
Roxie Kim
Evictions on an 8 unit property
Hello,I am currently in escrow for an 8-unit "C" property in Central California and was hoping someone could help me with something. I received the property's one-year P&L statement today and there were a lot of l...
Robert Whitelaw
Advice on Lead Generation
Howdy All,I am no stranger to lead generation. I have done it online with Zillow and Trulia. I can share success stories and horror stories with both. I also dabbled with realtor.com way back, but that was more focuse...
Bharath Raj
Converting medical office building into small offices
I own a 5100 sq ft medical office space with no restrictions near the University of Houston. I have inherited a tenant who has 1450 sq ft for the next 5 years. This area is turning and there are new businesses sprouti...
Brandon Blackmon
Rates for a GC
Hello BP Community,I want to start flipping homes in my market, and potentially out of state, and I want to know how to budget for a General Contractor. For the first few, having a GC work with me, I think it will all...
Amer Swid
Advice plz about inspection report "knob and tube"
Hello,
So, the inspection report came back with multiple hazardous flags that needs to be addressed , but the most one that it is expensive (25k cost) is the" knob and tube issues "of the electrical stuff. Its old ho...
Mike Kroupa
Curb Appeal Suggestions – Lake House
I bought an ugly house. I want to make it beautiful. I am looking for suggestions from the BP community.The house has wood siding with vertical lines (T1-11) that is a bad color. In addition, the house lacks balance. ...