Cody Evans
Flipper Agreed To Work With Newbie
Hi All!A flipper has decided to walk me through two of his new homes he just acquired through the end of the flip as a learning experience. This is really cool. He wants me to estimate rehab costs and then he will com...
Account Closed
What are realistic soft costs (in California) ?
Hi there,
Having trouble getting a grasp on what soft costs might really look like. This would hypothetically be a situation in which I'd pay all cash for a 150-300K house, then rehab and sell. Also excluding repair...
Adam Ramsey
Leaking Block Foundation
Hi All,I'm looking at a house that has a block foundation. It's an older home, 1930's, and the block looks in rough shape (probably just from being old). However, there are noticeable cracks and there has been water l...
Tim Schroeder
Should I assume 50% for rental expenses when analyzing a deal?
Many REI calculators use 50% for expenses for Rental Property analysis. Should I stick with that when analyzing deals or try to be more accurate by breaking it all down? In other words, is the effort involved worth th...
Evin Lynch
Working With A GC On First Deal
Hey everyone, my wife and I are looking for our first home. We are looking for a property that needs some love and our plan is to do some version of a “live-in” flip. Obviously, being able to calculate renovation cost...
Curt Herge
First Flip - Goes under the W column
I've obsessively been listening and reading from afar and want to thank this site for all the help and friendly attitudes I see. Personal background - Years ago I was living in DFW, my wife and I had just bought a hou...
Sean Kollee
Expensive market portfolio building - a brief summary
Building a rental portfolio sounds easy when listening to a podcast or reading a blog article where the investor has accumulated dozens of units all at 1% rule multiples. But what to do in a market where you want to ...
Jeff Prather
Expense tracking for a house hack
I did it! I bought a duplex. I'm living in one unit. I'm renting the other. Now, I want to be proactive about the bookkeeping so that I don't have a nightmare at tax time. Here is what I want to know. I set up three n...
Wesley C.
child labor
I am going to pay my friend's 15 yr old son to do odd jobs on a flip. It will just be things like removing cabinet doors, sanding, changing door knobs, landscaping, cleaning up and all the little tedious time consumi...
Thomas Barrick
New Investor in Cincinnati
Hey guys,Long time follower, first post...my name is Tom Barrick and I bought my first property in June of this year in Cincinnati, OH. I purchased a duplex (Unit 1: 3+br 1 ba Unit 2: 1 br 1ba) and I am house hacking ...