Good morning all,I just had a quick question. How are you guys selecting your contractors and materials to do a rehab. Are you utilizing multiple contractors or one General Contractor? As for materials and the such, a...
Hey everyone. We were searching the site for any post that outlined the "due diligence" process and couldn't find anything that applied. Does anyone have a step by step process or form they use and are willing to shar...
Hello! I was wondering if there is a rule of thumb for a percentage of ARV that goes into fixed costs. Thanks
What's going on BP!?New investor here. I've been studying different materials the last few months from books, podcasts, webinars, forums etc. with the goal of not only purchasing my first home but also making it my fi...
Hello fellow BP folks! I wanted to share one of the projects that I completed that led me to finding my way to BP's forums and has inspired me to start my journey on flipping homes. I also hope anyone reading this mig...
Tax season is approaching!
I am a buy and hold investor in the DC area. Currently my properties each have their own LLC, and the taxes reflect the same. However, I know that down the road I would like to break into co...
Is is always a good idea to claim depreciation on your rental property for tax purposes? I recently learned that if you sell the property for more than its depreciated value, you'll owe tax on that gain through the de...
Hi all,
My first post did not go into much detail about the business financials. Based on the questions received, we pressed sellers on specifics and now have greater clarity on the overall health of the business. He...
Hi BP members! Thank you in advance for any inputs.I am the owner of 3 rental properties and I'm debating on what my next investment strategy moves should be. I'm fairly new in real estate investing and I been leaning...
Hello BiggerPockets!I am new to real estate investing. I'm only 22 years old and currently pursuing a Master's degree, but I've always wanted to invest in real estate for the past 2 years. I always find myself back on...