Ok, I've gotten one flip under my belt. We closed in 2017, I've already talked to a CPA regarding taxes and he suggested I roll the income and expenses into the same tax year. I've been reading quite a bit about how I...
How to Build a Good Referral Network in Any BusinessGiving referrals to get referrals is a cornerstone in the foundation of business networking. There are different kinds of referrals but all are low-cost ways of plug...
Hello, I'm getting started and I actually have 2 hot prospects I expect to be calling on shortly to see if we can agree on terms for a property. I want to make sure I have the proper paperwork on hard before I call, ...
I bought a home that has been closed up for nearly a year. Carpets need cleaning, stretching and smoke smells removed. I haven't had to worry about this in a LONG time. Thirty years ago, I used to close an empty house...
there is some plex sale by the police at very low cost that I can pay cash or with a very small mortgage. A lot of them need to be renovate. There is also a lot of plex in small town at low cost too but still ready to...
A Scope of Work (SOW) is a description of planned property renovations, with the primary components being a line item budget and a construction schedule. A detailed SOW is important for nearly every type of value-add ...
May be I am overthinking it.Once we have a primary residence loan with a bank, how to approach them for loan on investment side? should we even say we are taking for investment purpose? I am hearing bank does not give...
As I continue to evaluate flipping homes I am perplexed by this question:
How is it possible to add market resale value at a cost that is less than the market value you add?
If a house is currently worth ...
Hey everyone and anyone in The Nashville area,I am a recent Auburn Graduate with a finance degree. Also a current member in the Alabama Army National Guard. With one deployment under my belt to the Middle East. I plan...
Hi BP. I am attempting a BRRRR on a property that needs an extensive rehab. A '30's carpenter house with a ton of character. The house needs the works, updated plumbing, electrical, new roof, floors, the kitchen needs...