Henry Polanco
How do I properly estimate rehab costs?
Hi all, I'm looking into getting into flips in Philly. My biggest hurdle is estimating rehab costs. What information should I use to get a close estimate for my materials and labor?I read that using x dollars per squ...
Michael E.
Repairs vs. Maintenance vs. Capital Expenditures
I'm a little confused about the terminology of what is a "Repair" vs. "Maintenance" vs. "Capital Expenditure". CapEx is the easiest to understand for me...big ticket items like roof, water heater, HVAC, new floors etc...
Vinny Gaines
Prospecting subcontractors
Hello,I'm looking for one or 2 subcontractors that can handle my future rehab projects. What questions should I be asking them? How can I screen them? I'm trying to answer these questions so that I have some sort of f...
Jayson Trierweiler
Please critique my CapEx Allowance formula
These assumptions are based on a particular sqr footage. But how do you think the basic methodology works?thanks! Item Cost Life years Months Cost Per Month Roof $ 6,000.00 25 300 ...
Jered Sturm
Tenant storing things in common area. Can I put it out?
I have a tenant who recently moved into my five unit building. He has stored a large piece of work out equipment in the common area next to the washer and dryer. I have small storage closets for each unit and even an ...
Lin Ding
Question about BP books on Amazon
Hi Everyone,I'm new to REI and want to load on books to get educated and prepared. This might be a silly question, if I buy the BP books on Amazon, do they come with the other items in the package if bought on BiggerP...
Stephen Lee
Your opinions on when to replace internals
Hi everybody,I'm looking to increase my volume to closing on 1 new flip a week by the end of the year. I was just wondering what everybody thought about when to replace non-cosmetic items in the house. I usually almos...
Amir Navabpour
Identifying a money pit
Curious. Once you did your due diligence on a rental and get a renter in there. Say you get alot of repair requests early on from the tenant and the pace of repairs does not slowdown. What trends or types of items t...
David Baier
Hacks for discounted materials for flips
I'm curious if anyone out there has any tips, hacks, or relationships with contractors who get materials cheap. Any experienced house flippers here that have found ways to get bulk discounts other than buying material...
William Brock
Are furnishings tax deductible?
I am in the process of buying a STR lakehouse and was wondering if the furnishing costs are tax deductible? I'm talking furniture, kitchenware, etc - everything I need to have in place to rent it out. I would expect y...