Chris Pike
Refurbished Heat Pumps
Has anyone had experience with refurbished heat pumps?A little background on my current situation. I am in the process of utilizing the BRRR strategy for my first house hack (a triplex). One of the heat pumps needs ...
Ruth Bayang
Female Flippers Tell All
Hello BP!As I mentioned several weeks ago, I am writing a book, "Female Flippers Tell All: Overcoming Challenges and Dispelling the Myths of Flipping Houses."I'd like your opinion on a book cover. Please select the on...
David McCracken
How to do heating in triplex with basement, 1st floor, 2nd floor
Hi BP,I own an upper/lower duplex. I'm converting it into a triplex by finishing part of the basement into a studio flat. The basement flat is a small space, only about 300 sqft. There is one furnace so the heating is...
John Riggs
Liability concerns for property
Hello BP community. I am looking at an out of state property and just got the inspection back. A question, the back porch has had settlement which in the inspectors words has caused the porch to slope away from the ...
Carl Shorett
Primary Residence 121 + 1031
I am looking to purchase a house from someone who has owned the property for 20+ years. Their cost basis is ~$250K and the home is now worth ~$2.5MM. This is their primary residence so they qualify for the $250K Secti...
Douglas Chasse
203k loan work may not be able to be completed at quoted price .
I have closed on a 3 family house hack using a 203k loan . The general contractor is supposed to upgrade electrical so each unit is on its own meter and add two heating systems. The whole house is currently heated by ...
Andrea Galitz
Flip #3 - Ended up holding for myself and moved my family in
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $160,000
Cash invested: $300,000
I ended up saving this flip for myself. My family and I now live in the home, tha...
Sam Booth
Rental Property, what items can be deducted in which ways?
I just purchased 2 single family homes as rentals and there are some items I was wondering how you get the correct tax deduction. I am somewhat familiar with taxes, and bonus depreciation, etc, but just needed more cl...
Joe Gee
Laundry in kitchen or bedroom?
I am in contract for a small under 700ft 2 bedroom 1 bath house to flip in the Portland area. The house has the laundry in a non permitted addition that’s falling apart. It will need to be torn down.
The kitchen is ...
RJ McGuire
My first flip (or should I say flop?)
Investment Info:
Single-family residence fix & flip investment in Topeka.
Purchase price: $85,000
Cash invested: $20,000
Sale price: $120,000
Complete remodel inside and out. Finished basemen...