Charles D. Smith
Due Diligence: Verify and Validate Operating Expenses
In today’s environment where prices are high and achieving targeted returns has become increasingly more difficult, every dollar saved is important. Investors should put a heavy emphasis on understanding all opera...
Caleb Croteau
Flipping or Wholesaling in this expensive market?
Getting to the plate first is KEY -- whether I'm talking about baseball or eating food. You need to be Johnny-on-the-spot in the real estate market, if your a new, budding investor looking for just ONE opportunity t...
Sabrina Sargent
How to separate personal from business expenses?
I am planning on getting a multi family/duplex and live in one of the units. Does anyone have advice on how to keep my business and personal finances separate. By that I mean what should I count as personal expenses a...
Michael Wagner
Student Loan Payments as a Business Expense?
With the recent change in tax laws and businesses including sole props now being able to set up a 127 education assistance plan and deduct student loan payments as a business expense. I was wondering if this is avail...
Ryan Kenneth
Pencilling in expenses with little building info?
Hey Canadian BP'ers,I need help penciling in expenses as a best guess before potentially making an offer on a building in Moncton NB that is larger than I've owned in the past. I have yet to walk the building (I've s...
Brandon Kessler
Paying for Personal Expenses with Business Income
Hi all - I have a few questions surrounding the idea of having an LLC or some other form of entity. For background I do not have one currently and only have one rental property that’s a single family home but am tryin...
Jack Hatton
Am I estimating to much for expenses
Hello, I've found a property in a B- neighborhood for 55,000$ 1 bedroom 1 Bath.
Rent in the area goes for 1100-1250$ a month. So I target 1150$ for rent. So now assuming I get it this is how I've broken down the rent ...
Sam Thompson
depreciation expenses for personally used vacation home
After only using our rental property for 14 days or less for the last 10 years, this year we will be using it quite a bit for personal use which will reduce the amount of expenses we can claimfor the property on Sched...
Crystal Perez
NYC investing? Too expensive for my blood
I'm looking for some great areas to invest in within a 3 hour radius from New York. Frankly it's too expensive over here and I'm itching to get in.
How's Pennsylvania or Connecticut?
Any advise is much appreciated
Mike Huang
Combining Loans/LOC in an Expensive Market
Hi BP,I live and want to invest in a rather expensive market (Queens, one of the 5 boroughs of NYC) and thus the most conventional strategies do not apply here. Working to save up for a down payment takes far longer t...