Anna Fuchs
Home Service Plus Plan
My husband and I just bought our first duplex. We have the option for a Home Service Plus plan through Centerpoint Energy to repair all appliances 24/7 for a monthly fee (about $40 monthly). We're trying to determine ...
James Farrel
How to treat Vehicle Mileage prior to Unit Available for Rent
I file Schedule E and purchased a property last year. How do I treat the following vehicle mileage accrued before the unit became "available for rent." Does some of it get added as additional basis in property? I...
Bryan McElrath
Please tell me if this is a good first investment
Hello, Recently I got in touch with a investor and sorta made friends with him. He gave me an offer for a $40,000 mobile home lot+mobile home, I wouldn’t need anything down and It would be 10% interest.
It rents out ...
Cathey Bayless
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.Finally, after much editing, I was able to get between 8%-12% CoC return on this property...
Tanisha Blakemore
Getting started......
For a newbie in flipping, would you suggest hiring contractor for repairs/repairs? I would you use people specialized in certain areas(plumbing, carpenter, electrician,etc) ?
Account Closed
Using a private lender for a down payment
Hello everyone! I’ve found a deal in my area where the home is being sold for $85K, but as it sits it is worth $126K so even before repairs it’s got $41K in equity in it. It could use about $40K in repairs. So that ...
Kristopher Kyzar
Third New Rental in a Month with Cash Flow Day One
Investment Info:
Condo buy & hold investment in North Charleston.
Purchase price: $69,000
Cash invested: $10,000
Contributors:
Russ Scheider
Purchased through a wholesaler I work ...
Michael Schnyder
Smooth vs textured walls for ADU
I'm having a ADU built and need to decide between smooth vs textured walls. I'm leaning towards smooth being that it's a more modern look, but it's an additional $1,250. Being that it's a rental, it would be easier f...
Kurt Gale
Carport caught fire after city rezoned to commercial
The city rezoned our single family residential house about 1 1/2 years ago to commercial. We just had a small fire that caused approximately $2000 damage. They said the code reads that we can not do any improvements t...
Dustin Verley
Wholesaling Fee
I've heard conflicting scenarios in regards to the wholesalers fee and was hoping someone could clear it up. Which one of these scenarios is the typical scenario for a wholesale fee:Scenario 1: ARV * .7 - Repair Costs...