Amy Zetzman
BRRRR value-add - subdividing a lot with 2 SFH
I've recently bought my first deal, which is 2 SFH on one lot. I wanted to use the BRRRR strategy, but I ended up getting a loan for 80% of the ARV. So the potential value add was already built into the loan. The a...
Jacob Albergotti
Rental Property Basic Numbers
There are plenty of houses in my area selling for 125k, 3 bed 2 bath 1200 sqft, very close to move in ready (new carpets and painting cabinets are the only renovations that need to be made for the most part). Say I sa...
Dom Cassissa
Future of flipping with fast rising rates?
I’m curious if any other home flippers are thinking what I’m thinking about these fast rising rates. While 5% on 30y is still historically low, I’m wondering & sort of nervous to be honest that some flippers (hope...
Sean A.
Analyzing A Flip Deal
Hey guys just want to make sure I'm analyzing this correctly. I'm looking at a home in long island New York for a flip. The home was built in the late 1920's. It's a 3 bed 1.5 bath. It's a foreclosure that just hit th...
Vangie Moore
Seller's Tax Question
Good day everyone! I am currently in negotiations with a seller. He asked a tax question that I am not sure how to answer. He asked how much taxes will he have to pay when he sells his house. He has lived in the re...
Marcella Sykes
How much for contingency?
Considering a property purchase of $50,000, needing a complete overhaul. ARV $234,000. Estimated repairs $110,000 how much should I include for contingencies?
Alton Bell
Needing to speak with a CPA
Hello BP Community. My name is AJ and I’m based in Phx Arizona. Me and my girlfriend are planning to get into the reAl estate game and want to begin flipping properties. Not so much buy and hold or rentals but buying ...
Kimberly Kim
Capital Gains Tax on New Home
Hey BP! I purchased my first SFH less than 2 years ago (May 2019), but am in the process of selling to live with my SO and to aggressively save to pay off my student loan debt from grad school. My house value has incr...
Brittany Stradling
STR Smoky Mountains
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $425,000
Cash invested: $23,000
1 bedroom short term rental in the smokies
Kyle Herzog
Weird Real Estate Tax Issue...HELP!!!
I have an odd real estate issue I need tax advice on. I purchased a lot on which I’m currently building my home in May 2018. After we started building we found that our neighbor’s house was 3 ft away from their lot ...