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I have a property manager. The property manager will handle repairs automatically that cost less than $250. He nets these repairs out of the rent I receive. he provides a statement that shows the rent received, the...
50% of goss rent goes to expenses right?What expenses are those?Does it include insurance or PMI?Or insurance and PMI is in my mortgage?50% gross rent for expensesAnd 50% for mortgageSo insurance and PMI is an expens...
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Hi, I'm looking into buying my first rental property in another 2-3 months. I'm looking around in my market to see what is out there, even though the listings will likely look very different in a few months. I'm get...
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hello BP!i realize this topic has been discussed before but i have a little twist on this question.according to PA law one does not need a re license to manage own properties. what if i create an LLC that will manage ...
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Hi everyone,I've stumbled upon this deal that is not yet listed, consists of two converted buildings in a small town, 6 + 7 units on half an acre. I learned about it from the owner who is a fellow real estate agent an...
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So, i'm scouring Loopnet for commercial multi-family opportunities. I've noticed that many of the properties that list brief financials on loopnet have terrible overhead/operating expense ratios.
For example a huge 2...
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I have deal I am putting an offer in on tomorrow and wanted some thoughts from the group. Its a $599 p.p. with a current rent roll of $5300 monthly. I can get rents to $5700-$5800 I believe. I spoke with my realtor. M...
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I just set up my LLC that manages my self directed IRA. What expenses are considered legal to expense out of this entity? My custodian seems conservative. Would travel to look at investments be legitimate? My custodia...
I'm new to BiggerPockets and this is my first post, so if this inquiry is in the wrong section or if it's redundant, my apologies.
I've got 11 rental properties in the Atlanta area with a monthly income of around $1...
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I have a mortgage (2.5M) on a residential property located in the state of HI, titled in my personal name. I have enquired with lender about in shifting title to a single member C-Corp, but they don't allow it "Bank’...