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Getting ready to close on my first BRRRR and I am working on getting insurance quotes. My mortgage broker had a requirement for rental reimbursement rider. I had planned to have vacant property insurance since I wil...
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We are based in Georgia and primarily are doing flip houses right now. I have found a property we are interested in purchasing. This property has a house on it now that needs renovation. I am interested in renovatin...
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Hello Everyone! I need some advice, I am in the process of renovating my first ever home (which is taking far too long due to bad contractors) and I would like to eventually turn it into a STR or mid-term rental. The ...
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HelloI'm planning to buy a lot build or buy and renovate a house all cash and rent it. I've renovated a few properties and have another new construction in the works and all where bought renovated in cash. My wife and...
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I have spoke with my mortgage guy and he has said I can purchase a house with a VA renovation loan and rehab it and the Va will give you a loan for the ARV. Of course it needs to appraise right or I will be left cover...
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Hi, This is my first post so hopefully it is not the wrong place or out of place. I suspect this question has been asked many times and depends on specifics. In my current situation I don't think either method (flip o...
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Hello, we bought a investment property in October but was not rented till February 2020 as it was going through renovations. Can some real estate accountant guide me as to what can be deducted on my 2019 tax return. I...
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Hey Everyone, I need some advice again. Last thread went extremely well, i learned a lot. Looking at a property in Paterson, NJ. Property Cost: 58K Renovation Cost: 100K (a little on the high side, but better safe tha...
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I am planning to buy few rental investment properties, it very hard to get decent return in NNJ right buying retail right now. I see some listing on zillow/realtor.com that require rehab might give decent return.Her...
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I completed and sold my first flip just over a month ago. I made way less than I was hoping, but learned so much! Wanted to share...PROPERTY: The old, single-family house built in 1910 was located in a desirable area...