I could be wrong because the US tax code is very confusing, but how much do certain expenses like property tax, or property management fees matter if you can write them off? Im not sure if there is some sort of cap, b...
I’m looking at buying a LTR. When determining the net income, I simply multiply gross rents by an expense ratio to determine the net income. My question is, what do experienced LTR investors use for the expense rati...
Wanted to clarify this with a wider audience.
Recently a Real Estate developer approached me and explained the following. Wanted to see how legit this method really is.
1) Open an LLC with Cash based accounting met...
What are the best tools out there for tracking expenses you've been using. I feel like I've been burning through my seed capital budget but having a tough time keeping track of every expense to manage things better. S...
Hi Everyone,As a new real estate investor, I am planning to use an FHA loan for my first MF property as an owner occupant. Then, a year or two later do it again with a VA loan. I know they can both be used to buy 1-...
I am currently living in my parents’ old house and not paying rent. I have a good job and am banking every single cent I make. I am also ready to start investing. I have enough down-payment money saved up and have ana...
Does the 70 Percent rule apply to homes with an ARV of 700K+? the higher the price of the home the higher the gap you pay with the 70% rule is. I noticed doing the 70% rule on much pricier homes the offers are extreme...
So I've been doing a ton of research lately looking at properties online and in person searching for my first multi family property. I live in southern ME--kittery, Portsmouth, NH-- and I have been having a bit of tro...
Closing is scheduled for this Friday and I have some questions.This is meant to be a flip and I am not sure what are the first steps... I am buying it in my LLC and am curious if I should apply for a commercial credit...
I own a duplex in California in which I live in the top unit and rent the bottom unit to a tenant. The property is valued at about $1,000,000. The property tax is about $15,000 annually. To date, I have attributed hal...