What are some useful formulas when flipping houses?

Hello BP Community! I had a group of contractors replace my carpet with flooring. They were supposed to leave one room carpet but inadvertently demo'd. The contractor and i agreed to free labor, to split the materials...

I know it can vary depending on which market you are in, but is 70% off the ARV still a good rule to have for estimating closing costs and commissions, or has it changed some? If you have something different, what do ...

I’ve been out of real estate for nearly a decade and I’m working toward getting a rehab project together. I came up under Ron LeGrand back in 2006-2008 and the target profit on a rehab that I remember learning was 20%...

Hey its kenni , I was looking around my neiborhood and found a house being foreclosed. The house was in alright condition and could easy be renovated by me and my team. I looked up the address on line and found the ho...

Hi, I see a lot of information about using future rental income to qualify for a 2-4 unit property. However I cant find anything online about correctly factoring in current income properties into a future property pur...

Hi All,I'm currently under contract on my first Duplex using a 203k to handle some renovations / improvements and have a few questions re: closing costs that I was hoping the community could help answer:  PP: $62kReno...

Is it common practice to add depreciation taken on multi family properties as an operating expense? I spoke to  a bank recently and this topic was brought up.Example:Asset depreciated amount 400k25 yr depreciation sch...

How do lenders calculate debt to income ratio using the schedule e on tax returns?

Well, I put an offer in on a triplex and I got a counter offer which I have accepted. So, it appears if all goes well I'll be getting my first multi-family home. I do already have 2 SFH. The numbers appears to be good...