John McAuley
Expenses for homes that did not close
Hey Guys,I had several expenses this year associated with homes that we ultimately did not close on (inspections, termite inspections, etc.). Are those treated like normal business expenses against my LLC for tax pur...
Ellie Perlman
Value Add vs Turn Key: Which One is Better?
Generally speaking, there are two main strategies when buying multifamily properties: Turn Key and Value Add. These strategies are very different and both have pros and cons.
In a turn key investment, the buyer does ...
Tony P.
Considering a Side Hustle as a Real Estate Agent in Canada
Hi everyone,
I'm a business owner based in Canada and I'm exploring the idea of becoming a real estate agent as a side hustle, with the potential to go full time if it’s a good fit. My ultimate goal is to build a por...
Carl Hall
Wholesaler acquiring Realtor
Hello BP family. I am Establishing my wholesaling business and want to add a realtor to my team. I know there are ways to bypass realtors and find comps of my own but I would much rather leave this step to a professi...
Joe S.
Pros and cons of adding PM to your insurance
So we have a number of properties that are managed by primarily to PM companies. Both of the companies adjusted their agreement where we did not have to add them to the insurance. We have one particular company that w...
Martin Ceja
Questions to ask experienced investors?
What are some questions a new investor should be asking more experienced investors in their area? For example: "what do you look for in an investment property?" or "what kind of CoCROI do you look for?". I've been pus...
Mary Beth Blackwell
STR - PM Walkthrough Between Guests
Hey BP,As a part of managing STRs, I like to walkthrough properties at least 2x a month to keep tabs on property condition, guest experience and take care of any maintenance issues that pop-up. Today I recorded a walk...
Rob Ibarra
Car Wash Detailing Hack
Need the BP brains to help me with a Car Wash hack. I'm looking at buying a self-serve car wash and force value / revenue by installing a car port / detail bay for a mobile detailer to be stationed there weekly and of...
Jason A.
Applying for business credit
Hi Folks,
I am getting all my ducks lined up for starting my first flip. I have about 30k saved for my first project and I plan to utilize a hard money lender for purchasing the home. I don't feel 30k may potentially...
Jennifer Wiest
Laundromat Valuation Question
My company had primarily bought value add long term hold rentals. We have an opportunity to put a bid on a laundromat but I am having trouble finding any solid information on how to assign a general value to the busin...