Peter Kozlowski
New investor business plan
Hey everyone,New investor here. I just read and took comprehensive notes from three books on real estate investing:- Long-Distance Real Estate Investing (David Greene)- The Book On Rental Property Investing (Brandon T...
Dailin Fajardo
Financial Goal
Hello BP!
Well i wanted your idea and suggestions on a goal I have. I want to pay off a $7,000 loan in the next 5 months. If I were to use my money from my job to pay it off in 5 months I would have to use up...
Anthony G
Mowing costs.
I have a small multi-family property on a large lot and with the heavy rains we got this year in Indiana mowing has turned out to be quite expensive. My rough numbers indicate that it may be 7-8% of my gross income t...
Bienes Raices
LLC start up costs--reimburse?
I know this is kind of an odd question, but is the LLC required to reimburse me for its start up costs (since I paid for those in my own name)?
For example, the formation company offered a discount for buying multip...
David Zheng
Basic Self Employed Tax Questions
Hey Guys, I'm about to go the self employed route and need a little help with how do setup my personal income taxso tell me if I'm going about this right....Heres just a simple example1. 5k rental income- 2k expenses ...
Miguel Zapata
Cash Flow or Equity Play
Hi BP, I have $100k. I can either pay for two SFHs with good cash flow, or use the money as a down payment for a multi family in a trendy but expensive neighborhood here in Chicago. The first is a cash flow play, th...
David Baskin
Paying Yourself and Build Reserves
Hello all,I'm looking for interesting ways to pay yourself while building a significant cushion of cash reserves for each property. How do you generally execute this? Do you build up a pot of cash reserves and only th...
Matthew Yrungaray
30 plex deal analysis
Hello all,
I am working on a 30 unit multi family property in SLC, UT. Each unit is 900 sq ft, 2 bed 1 bath. Units are updated and about 40 years old. Vacancy has been almost 0 in the last 10 years. The ...
Austin Collins
Eliminate debt before purchase?
I am in a little bit of a predicament. I have a property I am interested in investing in and it would be my first purchase to get started in real estate. I am really anxious to get started but I have also been told...
Ed Park
Question regarding what part of rental income is taxable
Hello all, was wondering if someone could help me understand what part of the rental income is taxable. So I understand that once I receive rent, a certain percentage should be saved for vacancy, capex, repairs & ...