Deangelo Mack
Contractor assisting my first wholesale deal
Hello BP family. Is it uncommon to ask a contractor(s) to walk me through my first or second deal just so I can kinda get a feel for eyeballing things that need to be repaired?
Art Fort
Hyde Park 3Plex - Buy and Hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Kansas City.
Purchase price: $235,000
Cash invested: $13,000
3Plex in Hyde Park that needs some work but has long term, st...
Dan L.
Sales Tax for New Windows
Hello BP Fam! I have a question. I am replacing all the windows in a rental house rehab. The windows themselves are costing me $4,400 + $400 in sales tax. I'm having someone else install them. This is a capital improv...
Richard Wilke
Business credit cards and what to look for
My partner and I are looking into business credit cards for small repairs as well as some other low dollar costs. What are some cards/perks/rates to look for?The idea behind this is to:1. Build up credit to eventually...
DA Nguyen
Property tax reassessment for second story addition in CA
Hi allAlready emailed the Assessor’s Office but thought I would post here in case anyone has first hands experience.I’m considering adding on a second story to our house. I know that in CA only new improvements would ...
John Rose
3 year hold - light Fixer
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $500,000
Cash invested: $30,000
Sale price: $660,000
2006 Built 4 bedroom, 3 bathroom. 5 acre property.
...
John Daniel
Questions when buying a property with tenants
I’m going to be walking through a property this weekend and will have the current tenants present. What do you recommend as far as interacting with the tenants In this situation? Do you ask them questions or try and s...
Sieanna Ariel
Primary Residence Taxes
Hello Bigger pocket colleagues,So I have a question about selling a primary residence. What are some of the specific taxes that would come out of selling a property, that is if one was to sell their home after paying ...
Allen Maertin
Self Storage - First Investment
Hey guys, I'm looking at my first deal. Approximately 8000 square feet and 65 units. It's a class C property in the midwest. 2019 gross rents were $36,255 with profit being $23,302. Asking price is 300,000. I'd love t...
Phil Beck
What does it mean for this..
As we were looking through multi family homes we across houses that said "As-Is, No Repairs Needed." What does that mean? Maybe I'm a suspicious person who is reading something there like don't make repairs. Besides t...