Shanice Waller
Pricing of Project Management
I am still learning how to properly vet contractors and manage renovation projects. I have twice now been oversold expectations and even craftsmanship of the subcontractors. The GC honestly had me talking to his admin...
Sandy Morales
Pros & Cons between Commercial or Conventional Loans
I recently spoke to a lender who only does Commercial Loans. The process and qualifications seem less strict for qualifying for a commercial versus when apply for a conventional loan.I am only familiar with conventio...
David Egan
$25,000 loss, tax cap?
I just came from my CPA's office where I was informed that there was a $25k loss limit for write-offs for a rental property. I Have spent the past year and $70k repairing and remodeling a 4-plex I bought in Jan 2016. ...
Joe Steinheiser
Capital and maintenance reserves for condos
If buying a condo for rental, how much would you reduce, if at all, capital and maintenance expenditure reserve in you calculations? Anything else to consider when buying a condo to rent out?
Jaron Walling
Value of an open floor plan? Kitchen rehab advice
I'm purchasing a property with a bad kitchen layout, and by bad I mean claustrophobic. The property is a bungalow 2br, 1b, with a 2 car detached garage. It was built in 1930. If I take a wall down the kitchen and livi...
Grant Doyle
Using a credit card for renovations?
I am closing on a four-plex in the next month and will be renovating it while I live in. I do not currently have a credit card and thought that using a card to pay for renovations would be a good way to start building...
Juwan Parker
New(ish) Investor in Columbia, SC!
Hi All,
I am Juwan Parker, a basketball coach and soon-to-be Business Teacher in the Columbia, SC area. I am interested in networking and finding local meetups in the area. I own 4 properties in my hometown of Tulsa,...
Bernie Williams
Buying first rental
Dear BP,
My wife and I have recently acquired a HELOC and are considering using the funds to pay off some debt and make a down payment on a property. However, we are unsure whether to invest in a turnkey property or...
Greg Wadsworth
Hello From La Jolla
Hi BP - I'm new to this community, and would like to introduce myself. My family has been native to coastal California for several generations, and I live in my home town of La Jolla (Bird Rock).I've been indirectly i...
Ravi P.
GC margins?
We bid a renovations project to 3 GCs. I have only received 1 response so far. But the GC accidentally sent me a breakdown of his subs cost associated with the project with his mark up 45% plus a 5% kick back fee to...