All Forum Posts by: Rachel Levy

@Tanya F. I don't have the capital to buy it outright. The financing seems to be reasonable with $0 down and the monthly yields still offsetting the cost of what I would typically pay. 

@Josh Sisson I also didn't like the leasing options. Thanks for letting me know about the PBI which I think it is (the states pays based on how many kilowatts my system would produce). However, would I still need to pay taxes on that pay-out if I'm not making a profit but rather just reducing my monthly utility costs?  TIA!

Hello all, 

I'm looking to revive this post as I believe much has changed since the initial post was published. I'm looking to purchase a solar panel system for my short term rental property. I ran the numbers and the purchase would reduce my monthly electric bill by $100 per month after financing. The purchase also comes with a 25 year roof warranty. There is still a significant tax credit that can be utilized over three years in addition to state incentive that is paid over fifteen years. I wanted to know if there is anything I should be aware of in terms of the down side of purchasing and installing panels. Thanks!

Rachel

Thanks Andrew! I'm excited to listen to podcast #121!

That idea makes sense. However, it's my understanding that a property manager would take 10% of the gross. In this case if my partner and I were to hire out, we would each be liable for 5% of the gross. Doesn't it make more sense for us to pay him 5% of the gross as a management fee because he is saving his portion (5%). 

Also, it's a big renovation and we overestimate that it will take a year to complete. What should we pay the partner to manage that if we aren't making any cash flow? 

thanks!

I'm looking to partner with someone to purchase my first property to BRRRR about two hours from where I live. My partner lives close to the property and will manage the renovations and property once rented. We are going in 50/50 and have agreed that we own 50/50 of the equity however, we need to figure out how to manage the cash flow. Since my partner will be doing all of the hands-on work, how do we go about dividing the rental returns? What percentage should the hands-on partner get compared to the more silent-partner (me)?

What do you guys think? Is this getting too deep for a first time? 

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*This link comes directly from our calculators, based on information input by the member who posted.

Thanks Karl!

If I increase vacancy and management to 10% each, it's still a base hit.

https://www.biggerpockets.com/...

Any other suggestions?

Thank you! What should they more realistically be? The property is currently occupied and the rent reflects what the property is currently producing. 

Hey guys!

I'm new to bigger pockets and trying to get in the game with my first ever investment property. Can you help me analyze this deal?

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*This link comes directly from our calculators, based on information input by the member who posted.