Odell Cregger
Should I file a 1065?
A partner and I formed an LLC in November of 2019. We didn't contribute any money or obtain our EIN until after the beginning of 2020. Nor did we do any business or have any asset under the LLC. When I received the...
Giovanni Cardenas
Driving for Dollars: Finding Distressed Homes
During these uncertain times, no one really knows what will happen in the next few days, weeks, or even months. Cities are under lock-down, people are losing their jobs, and many are stuck at home, so what can new inv...
Joshua Feit
Will this property ever round a bend?
BP!I have a quad -- have had it for three years. On paper, it looks like it's going to cash-flow, but it doesn't.I bought it for $73,500, put 25% down, and financed the rest.Rents are a total of $1,900 (475x4). Tenant...
Buyan Thyagarajan
Advise on a Dicy Legal situation on a property I am about to clos
Hi Guys, I was looking at a property in Norristown PA which I was planning to close in the next 2 weeks. I had a situation where the contractors who visited the property with me for a rehab estimate took a box full of...
Matthew Allen
After Inspection Counter-Offer Bluff
The inspection came back from a smaller six-unit apartment and 1 of 3 buildings need a new AC/Electric Furnace (Split Unit) with will cost $5,500 installed per unit, so basically $11,000 for both units. Both are worki...
Eugene Angeloni
Flipping, Rehabbing, and the potential to add a unit
When looking for a flip-to-rent or flip-to-sell what are the key aspects to focus on as I walk through the property?
I understand some of the basics such as:
# of Beds, baths, and condition of both. Closets and ther...
N/A N/A
Tax Write Off's?
Hopefully this is the right forum, as creative financing goes I have a question. If I was do strike a deal with a property owner via a lease option to buy in 2 years, I do improvements such as exterior paint, landscap...
Joel Burt
renovation Material grade selection
Hi All, So I've finally purchased my first investment property and am starting the reno process. My plan is to live in the property for a year and then move out and keep it as a rental. The property is a single famil...
Jon B.
Estimate this rehab!
The outside looks pretty good in the photos, but the inside needs a ton of work... It's three units total and needs a lot of work... Based on the photos, how much would you estimate this flip?? I know certain things c...
Carlos Mezquita
Buy and Hold - SFP vs Multiplex
Hello BP!This is my second "active" day in this great webiste, after attending to some webinars, listening the podcasts and reading the forums, I decided I would like to start my RE experience with the buy and hold st...