I found a 6 unit that "supposedly" gross 40K. So I ask for the income and expense statements, not sure what they are called in the real world, and the agent says that owner managed the property himself for the last 10...
I am looking at an off market 16 unit complex - I have never done a multifamily analysis but have enough cash for the option to leverage or buy outright. Recommendations on how to assess MF properties?
So I am trying to refine my spreadsheet for rental property analysis, and I am trying to figure out what percentages to allocate for the various expenses that come with a property. Right now I set aside 24% of the gro...
Hi all! I'm brand new to this community and look forward to learning (and, in time, giving) as much as possible! I'm located out of Baltimore, MD.
When running the numbers on a house hack opportunity, do you factor ...
Hello,
I've been reading a lot about the taxes involved with house hacking a SFH, but the main thing I can't figure out is what is normal/expected by the IRS for calculating the percentage of the house that shared ...
I have a bookkeeper using QuickBooks for me for our 7 single family homes. I find it difficult to understand and hard to track true cash flow numbers. Does anyone have any recommendations? Does your bookkeeper easil...
We need a new property management software and need suggestions please. With managing 300 apartments with Buildium, at $300 a month, is too expensive for just keeping track of the income side and running a couple rep...
Hi BP,I have a single member LLC in Indiana with no property or income in CA, but still have to pay the $800 tax since I'm the managing member living in CA. The LLC only owns 1 rental property and cash flow is pretty ...
I am considering a possible deal on a FSBO triplex and possibly offering a package deal including a duplex as well. These are in South Dakota. I live in Portland, OR but it's close to impossible to find cash-flowing d...
Hi all, would love to crowdsource some opinions on making a decision here.
Our situation: Purchased a rental property (condo) ~2.5 years ago. Lived there briefly, but not long enough to use home/primary exemption f...