Leah Fisch
Best way to deduct early business expenses?
Working with @Mark Updegraff and getting ready to (hopefully) purchase my first investment property.My plan is to purchase and THEN put the property into an LLC.What is the best way to track and later deduct business ...
Matt Moldenhauer
Rental Property Receipts, Tracking Expenses & CPA's
I'm curious to know how other people handle their receipts with their CPA. This past season was the first time we claimed our first rental property on our taxes. We only had a few receipts to turn in to our CPA, so i ...
Gibran Del Giudice
Expenses for doing a fix and flip
So when investing In a flip through a conventional loan, means that the mortgage payment is still there while the house is being renovated? What can be done to minimize the amount of money being spent for a home while...
Omer Sultan
Estimating Expenses When Analyzing Potential Rental Property
Hello BiggerPockets Community!
I'm an aspiring real estate investor, and I'm looking for some insight into how I can properly estimate expenses when analyzing a potential rental property. I understand that certain pr...
Spencer Herrick
Escrowed Taxes as Expenses on Rental properties
I'm curious to know and understand whether or not you should still consider Total property tax and Mortgage payment as separate expenses on the "4 square method".... in the case that you are having those taxes escrowe...
Austin Bright
What expenses can I deduct for taxes?
Newbie investor here.I've read that I can deduct depreciation from my expenses.... What other non-cash expenses can I take out? A maintenance reserve? A vacancy reserve? Or is this not allowed?Also, I know I can deduc...
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...