Brian Hood
The "Infinite Return" BRRRR is BS
I love the BRRRR approach, but why isn't anyone factoring in their time into their ROI? Even if you have $0 in the deal, you may still have dozens of hours (or more) invested into finding the deal, buying the property...
Robert Steele
De Minimis Safe Harbor Election (expense rather than depreciate?)
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
Travis Moe
Return on Equity: Check my math
BP Community -Will you all help me double check my math and my assumptions on my current annual ROE? I own 3 properties with the following bar napkin financials:Current Market Value: $1,215,000Current Total Loans: $59...
Jamie Wooley
Water Damage on Ceilings....Please Help!
I am looking at my first possible flip purchase. I can account for all cost except this. The roof needs to be replaced hence the water damage in most of the rooms on the ceilings. The homeowner says it has been the...
Matt Moore
Do these Rehab Estimate Pass the Smell Test? BRRRR Strategy
Home is listed at 84,900, 3/2/2 (1450 sf built in 1974) with rent expected of about $1,150. It was stated that it would need a full rehab. Turns out it was a 2/2/2 it it needs everything!!! 2/2/2 homes that are com...
Bjorn Ahlblad
Are your tenants buying houses too?
Too many of our tenants are buying and even building houses; this is an expensive market! I'm happy for them and they are not hard to replace; but still!You guys and gals experiencing the same?
Jonathan Klemm
Rent&Refinance or Sell ???
I have currently lived in and rehabbed my primary residence. I will have lived there for 3 years at the beginning of the year. It is my understand that I will not have to pay any capital gains tax if I sell (please...
Shashin Patel
How and where do you start?
I have been around the block by now trying to find my true passion. Having worked as accountant, analyst, hotel and gas station manager. Ever since I started learning about real estate investments, it is all I could...
Christian Kenworthy
Salt Lake City, Utah first home under contract
Hello BP! I have my first home under contract. It's a 6/2 duplex that resides in Sugar House, Salt Lake City, Utah. I could really use some input on if this is a real deal, if it's workable, or if it's going to be a r...
Janetta C.
Is it worth hiring a Project Manager for a fix and flip?
Hey Guys!
I'm ready to enter the world of investing and met with a contractor today who offered to be the project manager for my first fix and flip. His fees include an initial 10K project manager fee then 10% fee af...