Hello everyone! Thank you in advance, for taking the time to read this and for your advice.Here is my dilemma. There is a house I want to get. The entire property is about 3500sq ft. Give or take.The owners bought the...
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I am a newbie who has been reading and listening a lot, but no action yet. I am eager to get enough income to quit my job. I am really interested in doing flips first before purchasing rental property. I believe the p...
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I knew it would happen eventually. Some big news channels are picking up and starting to tell people to look at flipping. I am not involved in flipping but know once the news stations start saying it the market wil...
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I'm preparing for a meeting with a prospective investor/partner to discuss flipping houses. I want to cover in detail the risk and the downside to avoid any unpleasant surprises. Of course there are the obvious consid...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $1,870,000
Cash invested: $300,000
Offering a sliver of ocean view from upstairs, plus an ideal setting convenien...
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Hi. I'm a newbie from Chicago (western suburbs). I have a friend whose home will go to auction on the 30th. It has been neglected, has been sitting vacant for over a year, has some cosmetic issues and is the ugly h...
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Just closed on my first Flip property yesterday afternoon and quite excited to get going. Previously i have only dealt with buy and holds. I decided to go the @Brandon Turner route and partner with an expert flipper f...
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Hey BP I have some flip questions. I have a single family rental that I am thinking about flipping. I have never flipped a property, so I'm not sure the correct avenues or people to contact. How do you initially figu...
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For all the flippers out there or tax pros.... What are the income tax considerations related to house flipping ? Specifically how is the gain or loss on the ultimate sale calculated is it ( my purchase price plus r...
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Hi all,I’m new to Bigger Pockets and wanted to say hi. I’ve already had some great chats with members and it’s only been a week. I’m in a little bit of a different position here - I’m not an investor myself, but I’m a...