At $1,200–$1,800/month in carrying costs (hard money interest, insurance, utilities), that's real money.

Hey BP Community,Everyone here has been extremely helpful so far and a few people asked for updates, so I figured I would start posting weekly as I go through this process.Right now I’m working toward buying my first investment property, and I’ve started documenting the journey along the way.

However, I have strategically utilized month-to-month leases that actually protect me as the landlord. 

I intend to move all platforms like Airbnb and utilities to this LLC.

.- Cost per sqft is just a STARTING POINT, not a bid.- Walk the 'big-ticket' systems: ROOF / FOUNDATION / HVAC.- Never skip PLUMBING + ELECTRICAL (panel, lines, fixtures, outlets).- Count KITCHENS + BATHS and use unit costs to sanity-check totals.- Check CITY PERMITS + CODE items early (they’re budget busters).- Get 2–3 CONTRACTOR BIDS on the same scope-of-work.- Add a 10–20% CONTINGENCY (older homes deserve it)- Include HOLDING COSTS: financing, utilities, trash, insurance, lawn- Match FINISH LEVEL to the neighborhood + your ARV (don’t over-improve)- Hunt HIDDEN ISSUES: water intrusion, termites, mold- Take measurements + photos, then build a repeatable 'Statement of Work' templateThoughts?

I'm starting out about to do my first flip. how can I avoid as much taxes a possible when selling?

My husband (carpenter) and I (business analyst) started listening to bigger pockets about 3 years ago, bought our first LTR 2 years ago.

Hey guys, My name is Andrei. I've been doing real estate for the last 7 months and it has been incredible. I made an account at BiggerPockets to be able to talk to more people in real estate and hopefully be able to a...

Great question — it’s rarely just a door count issue.In-house management usually starts to make sense when management fees exceed the cost of building internal infrastructure — but that’s only part of it.

The drainage wasn’t accounted for correctly — parts of the roof were overflowing, and water wasn’t being directed properly into the downspouts.I also discovered that the roof, which was relatively young, had started leaking.