Aksel A.
Ability to renovate storage room for a profit
Greetings Ladies and Gentlemen,I have been waiting to drop this post to this warm community for a while, and it seems that now is the right time. I realize this is fairly long, so thanks for your reading.I have been n...
Philip C.
Am I a "Business" or "Investor" for Tax Purposes?
Hello,According to NOLO's Tax Deduction Guide, the waters are somewhat murky when determining whether a rental property owner is a "business" or "investor." I own one out-of-state single family residence that has ten...
Mandi Lambert
How to leverage Interior Design business to flip or hold props?
I’ve been an interior designer for over a decade now, and truly feel that my experience and degree have brought me to this new venture! I love my job, but recently turned my focus to [somehow] investing in either SFH ...
Patrick Philip
Any advice on dealing with GC's for rehabs?
I have realized I cannot keep up with the workload doing the work myself. I will be hiring GC's from now on. I was hesitant because I know they could charge an arm and a leg for something that's not even difficult. I ...
Gail W.
I have 2 years before I can sell house; what should I be doing?
Hi all! Me again! Come seeking wiser minds than ours...As some of you may remember, we became accidental landlords on a SFR in South OC (Ca) when we could no longer afford it (and the kids split). We went thru a cou...
Andrea Mas
Help! Need a reliable plumber & electrician, permit q's -King Co.
Hi All,First of all I want to offer my profuse gratitude to this community, to BP for their podcasts and wealth of priceless information that got me to move out of my comfort zone in San Francisco to Seattle to get st...
Pat Hamilton
Neighbor claims my fence is 7 inches on her property!
My neighbor showed me her survey (it's hard to interpret). She claims that my backyard fence is 7 inches on her property and that I must move it or get rid of it. I'm not sure if the fence was already there or if my t...
Keivan Cross
Help Analyzing this Deal
Please advise on the following deal. This is my first deal in Dayton, OH.
$94,000 Purchase Price
$30,000 Rehab
25% down + Closing= $27,000
All in= $57,000
ARV= $125,000
COC= 12%
Neighborhood Grade= C
Cons...
John Cicilioni
Roofer took my check and walked away!
This roofer has done a big project for me before. Lots of good reviews. Licensed and insured.
I signed a contract for putting in a roof for 12800 total and 7000 down. I paid him 7000 via check. Received this email ...
Jesse Kindra
Refinishing Countertops in Rental
Hi BP friends,I'm working on updating a new rental property with new paint, carpets, etc. I'm also considering updating the countertops as they are extremely outdated - I'll just say a very strong blue color. Has anyo...