Travis Smith
Building Permit Costs Accurate Reflection of Job Cost?
As part of its Open Data Portal, the City of Austin has made available a searchable database of building permits in the city. Does anyone know if the "Total Job Valuation" on the permit is an accurate gauge of job cos...
Michael K Olson
[Calc Review] Help me analyze this deal
View reportAnalyzing properties in my neighborhood and found this duplex.It looks to be in good condition recently remodeled with month to month tenants occupying.Let me know what you think.
*This link comes directly...
Adam Philpot
Buying a foreclosure at auction.... help
About to bid on an occupied foreclosure at courthouse auction next week.
I think I’ve done all my research but someone told me yesterday that the current owners unpaid FEDERAL taxes could come with the property. Is t...
Account Closed
Real Estate Rental Income as written by Kislay Shah CPA
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
Laura Meade
Newbie from southeast Texas looking to start flipping
Me an my husband are new to this, have been thinking of doing it for years but just didn’t know where to start. He is a contractor and I help him on some remodeling jobs that we do for friends an family etc...We have ...
Claire D.
Involving GC on Rehab Estimate
Hey BP,I am very interested in flipping homes but the daunting task of estimating rehab costs with no experience is the biggest hurdle. I read in The Book on Flipping Houses a recommendation to hire a GC (or perhaps e...
W. Alex Benitez
Buying unfinshed project from Investor
Hello fellow BP members....In driving around this weekend I found a multi-family property which is being rehabbed. I called the number listed on the lawn sign and met with the investor. He guided me through the prop...
Account Closed
Motivated Seller, How to Avoid Long-Term Gains Tax?
I have a scenario for a potential purchase. Basically the guy bought his house a longggg time ago for $20k and wants to sell, and we agree on a $450k sales price. Is there a way to pay him $270k "on paper" so he doesn...
Nathan Karner
Buying a Property with Renters with back rent
Has anyone had any experience with buying property with renters that need to be evicted? I'm look at going under contract on a fourplex that is 100% occupied. Two of the renters have back rent. I was wondering how t...
Bradley Hendrix
Going from -50K to 1 million
I’m hoping my story will lead to some great connections here and maybe help a few people in the process. So, here we go..
In 2018 I sat down at my desk to go over my bills, which I was barely making. I had finally la...