Vanessa Watts
Ability 2 create- 4plex (residential loan) or a 5plex (comercial)
Hi everyone! Looking for some advice. I am currently remodeling a property that could easily be set up with 5 studios. I have been recommended to set it up with 4 units so it stays as a residential property and qualif...
Adam Amero
1st offer help
I got my first call back from direct mail. I'm hoping to wholesale this property to one of our few cash buyers(flippers). I want to make sure I am not forgetting anything important in my calculations. I currently have...
Tomás Gonzalez
How do I effectively underwrite properties?
So I have no money. And found out about how easy wholesaling was perpetuated on youtube. So when presenting potential deals to investors that were not even under contract yet I would get that price rejected because th...
Michael J. Momb
Baltimore MD (City) Buying dilapidated properties rehabbing them
Good afternoon,I am new to this and would like to know any tips on buying dilapidated properties and rehabbing them. My "do it yourself" skills are limited so the repair work will be all outsourced (hiring profession...
Jamie Wooley
Water Damage on Ceilings....Please Help!
I am looking at my first possible flip purchase. I can account for all cost except this. The roof needs to be replaced hence the water damage in most of the rooms on the ceilings. The homeowner says it has been the...
Felix Lilly
Trying to begin househacking.
I am looking to invest in real estate for myself. Currently I am 26 and am working in healthcare. I wand to begin creating equity for myself and building my real estate portfolio. I am wondering what my first properti...
Tyler Mundy
Question About Subdivision Development Cost
Hello,
I have a potential deal in the works, but I need some rough numbers to know if it makes sense. A partner and I are looking to buy 8 acres of land for $300,000 in which we could put 15 lots. Not all of the lan...
Julio Gonzalez
Cost Segregation Study on SFH in Miami
Without a Cost Segregation Study, this $595,685 Single Home in Miami, Florida purchased in 2020 would have generated first-year depreciation of approximately $22,000. By applying a Cost Segregation Study, the prop...
Alan Asriants
Buyer will now have to sign contracts before touring homes - PA
As the title of this post mentions, Buyer should be aware that now the MLS requires Buyers to be in a agency contract with their agent before scheduling any tours. This should have already been a common practice, but ...
Jason Krawitz
How would this be taxed?
Hello BP folks. My wife and I bought our first home in 2005 for 131k. In 2014 we moved out of it and it’s been a rental since. If we sell it today for 275k, would we be hit for capital gains and income tax for the dif...