Navid A.
Deducting Business Expenses & the Standard Deduction
If you're employed with a W2 Salary and are investing in rental properties under a LLC (disregarded entity), would you even be able to make deductions if they add up to be less than the standard deduction on your pers...
Richard Cole
Expense Forecasting... Lessons learned from the field
Hello everyone, After some hefty pest control expenses from several building that we manage, we realized that pest control was not a line item we had when running our annual expense projections on a building. However,...
Mario J Perez
Multifamily Operating Expense % in the Denver area
Hello,
I'd like to get an idea of the multifamily operating expense percentage in the Denver area.
I was told by a broker that it is around 35-40% of income with property management included.I was thinking closer to...
Michael Guzik
MYTH BUSTERS....Is being cheap really expensive?
Hey guys I have been listening to a lot of podcasts and many of them talk about frugality and saving money or being cheap. I was always raised to believe that being cheap is expensive, sure you may save money right no...
Disia Page
Lowering Expenses or Cash Flow or Both???
I recently wrote a post about wanting to house hack in Socal to lower my living expenses and I received a lot of great feedback and advice. I am also just as interested in buy and hold investments in the Cleveland mar...
Koko K.
Investing in an expensive area (or not)
So, I live in an expensive Southern California area near the coast. The average home around here is $500k. If you're lucky you'll find something at $350k. The cheapest properties are mobile homes between $50-100k with...
Andrew Anderson
Are these realistic expenses? (tri-cities, WA)
Hello BP Community,I'm looking at a 28 unit off-MLS multi deal that I believe I could at least put a bid on, but (as usual) their reported operating expenses seem low (esp maintenance/repairs if they assume CapEx in t...
Jack Smith
Turnkey and question about expense tax deductions
Howdy y'all. I heard it was possible to claim expense deduction during taxes on real estate expenses such as repairs, maintenance, and more. Was wondering if these awesome expense tax deductions also apply if I own a ...
Timothy Metra
What can I claim as business expenses?
I'm not sure if there's another place I should be asking the specifics on this question due to the fact that all states are different, but I couldn't find much with my research.I'm in the process of starting an LLC, b...
Kris Barney
Partial VR ownership; house visit expense deductions
Some friends and I are considering buying a VR together, which we plan to use a little and rent out the rest of the time. I believe if I owned the property outright, I could deduct 1-2 visits per year to the property ...