I am very curious as to what profit margin other rehabbers are looking for and how they calculate it. I will go ahead and bare my own strategy:
This is assuming the purchase price of the home is between $80k-150k......
Hello all,
What are the best tax preparation practices for house flipping? I utilize two methods of home repairs: rehab then rent; or rehab then sell (the typical flip).
Would my tax planning differ in each of the t...
Hey all, exploring some options for a personal loan to get a down payment on a place I am looking at. Has anyone had luck taking personal loans out for down payments? Or any other good options I can explore? Looking a...
I recently purchased a cabin in the Shenandoah Valley that came with an existing hot tub. I plan on having it inspected and serviced before our first guest arrives, however, I am soliciting advice from other STR owner...
Hi! I'm Lauren from Seattle, and I want to own student rentals. I'm absolutely new to real estate investing, but I stumbled on BP and here I am!I went to school in Tacoma and ever since I haven't been able to put asid...
My mom is selling her home and I am considering becoming the buyer for two reasons: 1) She would sell it to me at a much lower price than another buyer. 2) I can see how I can take it and turn it into a profitable cas...
A am a licensed RE agent and have rehabbed one property years ago prior to the housing crash. My wife who is also an RE agent was contacted by a friend of ours that asked about opening a HELOC in order to purchase a p...
Curious as to what a reasonable percentage down would I need? I don't have steady income so I can't rely on my work to get the rest of the loan. As in, I'll need a commercial loan, based on the current rent of the pro...
I'm looking for a CPA in CA to do my taxes now that I own a rental property. I don't necessarily need them to be geographically near me in the San Francisco East Bay. Any recommendations?
I just put a 4 unit under contract that is definitely in need of some cosmetic love. I am under for 235k, am trying to get 35k built into the loan for construction costs which should cover all of the units.
Current...