Dulce Beltran
70% Rule: Does it Apply in Costly Markets
Hello BP community, I live and Sell Homes in San Diego CA. I stumbled upon this property, SOLD for $609,000 needed flooring, paint, kitchen and bathrooms (flipper refinished cabinets) then sold it for $709,000 two mon...
Adam Sumegi
Completed ADU apraisals california
Does anybody have accurate up to date information on how a newly build or a renonovated structure will be appraised if it is a detached ADU . I have been told that it will be asessed differently on square footage to t...
Jason Jenkins
How does one evaluate vacant commercial properties?
Bill Gulley,
How does one go about evaluating a vacant commercial property?
Matt Wilson
Our house didn't sell... what now?
Our market wasn't bad at all back in April/May. We listed our home for $339k & got a cash buyer pretty quick at $330k. Ten days before closing, our water heater leaked in the attic and our buyer bailed. We got ...
Rafie Ahmed
How to contain the chaos on a Fix and Flip?
Hello All How do you guys contain the chaos? i'm in the middle of a full renovation of a SFH and i'm feeling a little over-whelmed. I'm 4 weeks and 1 day into the rehab portion and things are coming along but there is...
James Wachob
How brand new homes can be a great investment, long-term
After the 2009 real estate meltdown, may home builders and developers were unable to maintain their holdings and had to foreclose. The result was thousands of discounted homesites, now owned by the banks, flooded the ...
Account Closed
Chicago investor! Is this a good deal?
Hi BP,I am planning to flip a house here in Chicago and I want to know if some experienced investors could look over my numbers and give me some feedback. If I'm correct my profit would be about 38.2k. I will be usin...
Richard Z.
LLC partnership buyback tax question
I have a question regarding LLC partnership buyout tax implication. I'm making a simple LLC scenario for easy discussion.The LLC has three partners A B C. LLC did real estate development project: it bought a land and...
Keith W.
Sale price without comps
How do I figure out a final sales price, after rehab, in an area with little to no comps? Would I find other ranches in the area and figure it out using price per sq/ft?I’m trying to use the sales price to figure out ...
Account Closed
Max Closing Costs Allowed to be Paid by Seller
Hi all -The mortgage agent who approved me for a conventional mortgage and agreed to have the the mortgage underwritten (he is not the actual underwriter) for a close next week on a rental property just came back to m...