Alexandra N.
Contractor working for % of Net Profit- Anyone done this?
Hi Everyone, I have a fix and flip property that I purchased. My contractor and I have a good relationship and we have decided to work together on this property that I fully own. I will pay for all reno costs directly...
Mary Jay
How much is approximately would be closing costs on a cash deal
Lets say someone buys an apartment complex for 6 ml for cash.How much should they add for the closing costs if no loan needed?Thank you
Jason Rogers
Help!! Flip Accounting
BP Community I need some help. First off I understand that you are not a tax professional (and even if you are you are not giving me professional advice). I plan to speak with my tax advisor on Monday but I need to cl...
Allan Mugu
Tax deductible or not
Last year spent about $2000 trying to get real estate business started. Money was spent on what I consider start up costs: direct marketing, INC incorporation, etc. Did not end up doing any deals wholesaling or rental...
Jennie Berger
Chicago Granny Flats | ADU Ordinances | Update on Restrictions
Leave it to Chicago to make things even more difficult! Man, I don't see how the city should have ANY right to decide whom I rent MY unit out to in MY own home. We're not talking about a condo unit. Nope, a single fam...
Robert Fielding
[Calc Review] Help me analyze this deal
View report
*This link comes directly from our calculators, based on information input by the member who posted.I have found a good flip opportunity in my market that has a great spread until I facto...
Craig Jeppesen
RE sales contract question
Quick question. I have a first day offer on a flip I just finished (agent says two more supposed to come by 5). The offer wants me to pay a lender document/ processing fee. Is this the origination fee, $500 ish lende...
Massimo Salerno
Tax laws on Rehab Property
Hi all! During 2020 I was rehabbing a property. Had many challenges with delays, covid etc.. expenses really high and property is only ready for sale this week. My question is, am I allowed to claim the expenses ( the...
Dick Green
Marketing HUD Properties
OK, I've received my authorization (NAID#), to sell HUD Properties and wanted to ask the group for suggestions on marketing techniques. What are some of the best methods to market HUD Properties?
Steven Gaede
Complete Beginner: BRRRR or House Flipping?
Hello,My name is Steven and I've had interest in real estate for awhile but never pulled the trigger thinking I needed a decent amount of cash to get started. With that said, would you recommend BRRRR or house flippin...