Wirley Pierre
Help with purchase of multi-family property
Hello BP fellows, There is a multi-family property with 5 units in the Fort Lauderdale area priced at $599k that has an average occupancy of 100%, cap rate of 6.53. The current lease is $925 - $975 p/m grossing $57,18...
Rich Somers
Is it common for seller to not provide tax returns for property?
My lender asked for seller to provide tax returns for the past 3 years of a 5 unit i have under contract, and seller said no. My lender said it’s fine but it limits the number of banks that would be willing to lend t...
Chris Ivy
File state taxes if net is a loss?
Hi all, I have an out-of-state rental in Oklahoma. It's net income is a loss due to high turnover costs, management fees, etc. If my net income (rents- expenses and mortgage) is below $0 do I still have to file in O...
Kay Kay
Gas leak, code issues, tenant move out
Hi All,I have a gas leak situation in my rental property and below is the message that I received from my PM. What are the options I have and any idea on rough cost estimates etc. This is a property in Arkansas.Here i...
Nathan Williams
writing off cash expenses for a rental property
say you buy a used $150 stove from some random person on craigslist/offerup or hire a handyman for a $200 and they are taking cash only... is a ad hoc bill of sale enough documentation for these expense write offs to ...
Mike Mutabazi
How does a 15K a month portfolio look like ? I'm a beginner investor
Hello BiggerPockets Family,I'm new to REI, How many houses/ doors does it take to cash flow 15k net profit every month ?
Steven E.
Is my cash flow projection way off?
Hi all -- I'm trying to build out some kind of cash flow projection formula for analyzing properties. I'm looking in Grand Rapids/Holland/Muskegon/Kalamazoo MI.
For simplicity's sake, assume a $100K property renting ...
Jeremy Coyle
Earning extra cash
Would it be wise for me to trade in my 2001 Camry that I have no payments on, and get a car that qualifies for Uber in order to earn extra cash for investing? I'm thinking as long as i'm cash flowing by earning more ...
Jimmy Lau
Any other cheaper home heating options for a 1500sq ft home that i bought for $80k?
Hey guys!Any other home heating options that is much cheaper than $18k to get a new broiler. That amount is insane! The house is 1500sq. I do not pay for the electricity or gas. What is another option to get heat into...
Dakota Hicks
Can Someone Look at my Numbers for a Duplex?
This is my first potential deal and I want to make sure that I'm offering the right price, and if its too far off please let me know.Property Details: Split-level Duplex- 3 bed/1ba. each sideList Price: 99kRent: 600 o...