What is the difference between REPS hours and material participation hours? My understanding is that material participation are hours that you are actively doing for your properties (day to day and trying to improve t...
It sounds like a lot of people end up having a deal go bad or not being able to make a deal at all because there rehab estimates were off. Does anyone have, or could we put together, an itemized price list per unit? ...
Does anyone have a resource they can share for construction unit rates? Whether it's at a residential or commercial level.
It will obviously vary by market, volume of work and current material prices. What I'm tryi...
Hey guys, i am shopping around for materials to put into my first rehab, can you guys suggest where you guys shop the least expensive stuff. I know about castle wholesalers for cabinets, ajappliances for appliances. C...
I will be using my wife's uncle to handle the "skilled labor" portion of my BRRR project. My concern is: he tends to be a little pricy in his quotes, however, the work he performs is top-notch, and he's always bring...
HiTo meet IRS requirements for a Real Estate Professional would the management of 5 different Property Managers qualify?
Hello,
I have done my research and thought about what i am going to do, but i have a few questions that i am unsure what to do.
When it comes to materials for the contractors, should i buy that or let them buy that an...
Hi dear BP familyI have a newer 2006 house under contract and need some cosmetic rehab (Indy). This is a mid level 4bd home about 1990 sqft. We are projecting a 1250 to 1300 per month rent. Here's the first quote I go...
I recently attended a Fortune Builders seminar, and they mentioned having templates of different remodeled rooms in the house with pictures and a detailed list of all materials used, the costs, sku numbers, and even d...
Hi,a little confused about the short term rental loophole. Seems i can use my paper losses on my STR against active income if my avg stays are less than 7 days and I pass the materially participation test. Here's my ...