I am planning on refinancing a rental property worth approx $200K (current loan of $108K) I would like to take out $30K in a cash out refi. The fees for this transaction are around $4500. That is around 15% of the tot...
I paid cash for a duplex in Pittsburgh, then applied for a mortgage under the delayed financing exception that I learned about here on BP. I am trying to figure out if it is even worth it to go through with the mortga...
Hi,I have a seller that called me from one of my direct mail campaigns and he has a very well kept 9 unit property located in houston TX that he states is getting 650/mo 100% leased, the units are all 3b/1b with w/d ...
I apologize in advance if this is a silly question. I have renovated my property this year and for 2015 I am already at a loss. I have a few more projects that I intend to do. Can I amortize these expenses over the n...
What do you typically do for estimating rent, home value and expense increases over time in your analysis?
I was reading a BiggerPockets book and Mr. Turner said when estimating expenses, you take the vacancy rate and apply it to the rent price and include that as part of your monthly expenses. So if rent is $1000 and VR i...
Hello,I am moving to new house and would like to rent out my current property. There are a lot of articles that "depreciation" helps to even profit from rental with expenses.Let's assume the property without land cost...
What percentage of expense/gross rent income do you expect for a 40- unit apartment building, built in the 1960s, class C building? 40%, 50%?
Hello dear friends!I am a buy and hold investor. I know any expense before I buy my first rental can be treated as start up cost but I would like to get some input on tax treatment of expenses incurred between two re...
I'm a beginner investor. I am currently reading Bigger Pockets book "Set for Life." Looking a ways to cut expenses. I have a financial advisor for my American Funds Roth and Traditional IRA that I set up about 5 years...