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Tenants want to stay, but new tenants already paid deposit.
16 April 2018 | 41 replies
March 1, I offered to renew lease for June 1, no rent increase.
Tim Kunz
Water Bill Increase nearly 150% in 1 month
11 April 2018 | 1 reply
Between February and March my water usage went down by a few gallons but my bill increased from $58 to $84.
Leland S.
Solo 401k funding, payroll tax tradeoff of single member LLC
12 April 2018 | 4 replies
So for each dollar saved in taxes by not increasing salary, I assumed earned 12% starting year 1, reinvesting each year those earnings, and the same on the 401k money.
Michael Faudoa
Pros and Cons of Paying Off a Loan and Not Paying off a Loan
12 April 2018 | 4 replies
I know that a benefit of paying off a loan is increased cash flow, but I am curious how not paying down a loan can also generate cash.
Kenneth LaVoie
To LLC or not to benefit from better mortgage terms
18 April 2018 | 5 replies
I take out 20k of my own money plus the 40k and retire 1 of them and my cash flow increases $500 per month.
Will F.
Capital Improvements vs Repair Expense
12 April 2018 | 0 replies
Cap Imp vs Repair Expense IRSI'm in the middle of doing some 2017 tax crunching last minute so of course I am on Bigger Pockets forum instead of finishing up my taxes :-)Anyways here's a useful tip on Cap Improvement vs Repair ExpensesMy strategy has always been to increase regular maintenance, repairs (Repair Costs) and spread out costs over time instead of the hands off approach to defer maintenance into larger Capital Improvement expenses.
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Rate My Knowledge Foundation! (Books that I Plan To Read)
13 April 2018 | 6 replies
*looks at her bookshelf* Of his, I read (according to my bookshelf)- The ABCs of Real Estate Investing, Guide to Investing, OPM- Other People's Money, Real Estate Loopholes, Increase Your Financial IQ, Before You Quit Your Job, SalesDogs, and The Advanced Guide to Real Estate Investing.
Rob Elder
Hiring a painting contractor
13 April 2018 | 2 replies
I would increase that percentage with other factors, such as if the hourly painter came from a reliable referral source.In a nutshell, an hourly painter to me sounds inexperienced and better be waaaaay cheaper than everybody else.
Kim Puckett
Taxes in SC are killing us - investing in GA or NC?
18 August 2018 | 9 replies
If you own a property through a reassessment period your taxable value is capped at a 15% increase at each an every 5 year reassessment (not counting physical type changes).
David Hodge
Just Sold my Memphis Turn-Key Rental!
20 May 2019 | 24 replies
I’m ignoring closing costs in this post due to immateriality.In addition to the cashflow, about $100 of each mortgage payment went toward reducing my debt, and increasing my equity.