Michael Chavarria
Expenses from 2016 on 2017 return
Hi, I realize that I need to speak to a CPA but I am trying to figure out as much as possible before I do so. Any help is appreciated. In 2016 I started a single member LLC. I purchased a property in June but it was...
Braulio Hoyos
How to calculate value add from RTI permits in Los Angeles?
I'm a real estate agent and have 2 investors who are ready to sell their investment properties (duplex & 12 units) and both have ready to issue permits with the city of Los Angeles (the duplex has RIT for 2 more u...
Faustin Hoover
Rate potential flip
Hello. I am looking at a potential flip and wanted some input. If I ran my numbers right it makes sense but I could be wrong. 3 bed 1 bath house 1100 sqft. Asking price 11000. Looked at comps online and it should sell...
Scott Gardner
wholesale deal in need of a buyer
I have a property I need to try to get under contract, but I worry about the numbers. Not so much that they don't look good but that all the potential buyers don't want to deal with it because the numbers are so high....
Sydnie E.
Buying a home with Asbestos,Mold, and Roofing Defects
Hello BP,
I am a new investor and looking at a property that currently has asbestos, mold, and roofing repairs that are needed. The home is located in an area that could sale for 400K-435K if renovated properly. The ...
Axel Meierhoefer
How valuable is a new build home to a buy&hold investor?
I am about to invest into a brand new build property in Mississippi. The cash flow has been reduced a bit by the recent interest rate hikes, but it is still about 7% return . I'ts a turnkey deal in a B+ neighborhood. ...
Reaz H.
Cost segregation strategy for LTR/STR mixed use MFH
I am exploring STR as a strategy to use accelerated depreciation to offset my W2 income. I am exploring the acquisition of a property that is a SFH but has a couple of ADUs in the same lot. Now ideally I could STR all...
Aimee Haasteaby
Purchasing commercial property without good P&Ls
Hi all,My husband and I are interested in buying a resort for sale in TX but the owners won't share the financials because they didn't keep good records. The agent says it's not a cash-flowing property but has huge po...
James Graham
Inherited a Property, Rent, Flip or Sell?
I recently inherited a property and am unsure what to do with it. I have a cash offer of $50k as is. In order to rent or sale the property, I will need to invest $15-20k. After rehab property would be worth $80-85K. ...
John Knisely
Raze/Demo cost estimates
Hey Philly area BP'ers,Wondering if anyone has any experience or recommendations on helping me estimate teardown costs.House is a brick SFR, small lot, ~900 sqft, 2 floor building, public utilties, mostly gutted insid...