Vamshi Ananth
Cost of Rehab per Sq ft?
Hello Dear BPers,This might be a generic question but I would like your insights on rehab costs per Sq ft. I realize that the labor costs might vary based on the location but material costs remain close to same. The r...
Melanie Baldridge
Do you qualify as RE PRO?
To qualify as an RE Pro you must:
1. Spend more than half of your total working hours in an RE business in which you materially participate.
2. You must work at least 750 hours per year in a qualified RE business....
Anthony J Cappetto
Legal question about using a POF "template bank statement"
Hello,My fiancée and I have been researching and learning the business of house flipping/rehabbing since Sep 2021. We heard of a program which uses other people's money OPM (I will keep nameless and call Program A) an...
Michael Plaks
Syndication losses against active income
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
Ben Williams
RE License Online Courses: How do they compare with each other?
I'm looking into getting my Texas Real Estate License and think I will do well with online self-pace courses. I'm wondering if there are any difference between the material presented at the various schools. Champions...
David Howarth
Deductions greater than Income
If my deductions are greater than the income generated from my property, how does that effect my tax liability?
Does it decrease the total amount of taxes owed? Or does my tax liability stay the same?
Frank Greg
GC: Average Total Labor Cost on New Build
Question for the GC's out there... in markets such as Charlotte, Nashville, New Orleans, Orlando etc (Southeast), what would most GC's quote as a ballpark estimate for total labor cost (if owner is supplying all build...
Leslie Zhang
Executing Repairs, and Working with Contractors...
Hello,
I've been analyzing many repair estimates, and contractor bids. It seems repairs can be estimated on the age of the home, and the square footage.
However my question is - How do I decide which materials (base...
Tuan L.
Buying materials for contractor or paying a quote price?
For major rehab, do you prefer to buy materials for contractor or just pay the GC the price they quote? I'd love to hear your reason behind your choice. If you buy materials for GC, how do you buy in advance to make t...
Matthew Sutton
Contractor compensation tips
As a rookie investor I'm a little nervous about getting taken to the cleaners by a contractor that is dishonest. Any tips y'all have learned to avoid paying up front to a contractor?