Mitch Genser
Accounting and Bed Bugs
I am getting some mixed messages about how to deal with the accounting for bed bug remediation in an apartment building my company owns. Normal, regular and modest 'pest management' is clearly part and parcel of '...
Danilo A.
Closing Costs in the BRRRR Calculator
When using the BRRRR calculator, is it best practice to include prepaid homeowners insurance and prepaid property taxes paid at closing in the 'Purchase Closing Cost' section? For example, when using conventional fin...
James Allen
Handicap Ramp Mobile Home Park
Yesterday I received a call from my Property Manager. He stated that DSS had called and said he was required to build a wheelchair ramp for one of the tenants. This is still a POH. I told my property manager that the ...
Jeffrey Chang
How to calculate capital gains on sale of lot
Hello.I purchased a lot to build my home about 20 months ago. I spent about $30,000 to remove the existing foundation. Now, I am going to sell the lot. Can I deduct $30,000 from the sale price in order to calculate...
Nathan S.
CPM- Tax Deductible?
I have been considering getting my CPM (Certified Property Manager) designation both since my day job is in Property Management and I moonlight managing my own property investments. The program is approx $6000 to com...
Account Closed
Maintenance and capital expenditures: MF
I am very excited (and very anxious) about getting close to purchasing a MF property. I am analyzing a half dozen MF properties (15-60 units) and going over some spreadsheet analyses. I have gone through BP forums ...
Chris Pena
Sell my primary home to buy a 7 unit multi
OK so I have about $400k in equity in my primary residence, I own 3 other investment properties (financed) and buying 4th this week. I am interested in buying a 7 unit multi but, I don't have the capital to get it un...
Allison Bagay
Education tax deduction
What are the requirements for education deductions for the state of Pennsylvania? I am not talking about an actual college education. I am referring to an online film industry seminar that I chose to participate in. T...
Kevin G.
Need HELP with this house hack deal! Does it make sense?
am considering purchasing a 3-unit property in my area and house hacking it with my family. Currently, I am renting in the Bay Area, CA and paying $2750/month for rent, not including utilities. The property I am inter...
Aaron Laverne
Fully Leased Multi-Family - How much to offer?
Hello BP, I'm looking for feedback on a property we are analyzing. Please advise on what we should offer for max ROI based on gross income and expenses.Market Price = $275,000.00Annual gross income = $36,000.00 Annual...