Sonu W.
Treating Expenses as an Insurance Model
Hello all,I'm fairly new to this real estate investing game. Family has invested in rental properties for years that I've been heavily exposed to, and now doing my own research to get into it myself (and learning all...
Rivy S.
Initial vacancy-- how to classify expenses?
When you first buy a property, and don't find a tenant until after the first couple mortgage payments are due, how do you pay for those expenses? Do you pay those out of your own cash, and consider those payments as p...
Dan Mann
Funding repairs, supplies and CapEx expenses
I'm running numbers through a spreadsheet to try to establish cash flow.Is there a preferred method of establishing a cost for supplies, CapEx and repair expenses? Do you use a fixed amount or percentage of rental in...
Michael Didion
Full PITI payment deductible as expense?
Is he full PITI mortgage payment deductible on schedule E as an expense? Or are just parts it it deductible like interest and insurance?
Peter K.
WHY are closing costs so expensive?!
I'm bleeding money on closing right now. Background story is have a 65K house under contract. 20% down so takes 13K out. Closing costs total $4,271 !! That is 6.6% Total, diming out 17.2K in cash. I thought closing co...
Michael Rosenson
Note ROI Calculator - Expenses to Consider
I am putting together a Note ROI Calculator for myself (since I know better than to go asking for one :) ) and wanted to seek some input for what expenses I should be considering. I currently have two expense categor...
Valerie King
Income & Expenses When House Hacking
When house hacking, my understanding is that an LLC or business entity isn't possible, which makes perfect sense. Of course, you're still making money off of the other unit(s). Just want to confirm that you report tha...
Sunny C.
How expensive are for ndation fixes
I went to look at a house and when I looked outside it seemed to have some foundation issues where I noticed a crack on the outside wall. How expensive are these fixes. I am wondering what's the best strategy when I ...
Scott Howell
How are real estate licenses expensive?
In one of the audio books I have it states that having a realtor's license can costs thousands of dollars. Where are they getting those numbers? Other than the pre-exam courses where are the "thousands" coming from?
David Prince
Chicago Building Permits- Time and Expense
As I prepare for my first Chicago flip, Im curious if someone can share their experience with building permits. I know it varies depending on many different factors but, as a general rule, what is the time and expense...