Michael Seeker
Landscaping - Capital Improvement or Repair/Misc Expense?
I'm freshening up some landscaping at a rental property and am wondering if there are steps I can take to make this a repair or misc expense or is it a capital improvement no matter what? Cost is ~$1500 if that i...
Account Closed
One Expensive House or Multiple Cheap Houses?
I'm struggling to determine what to do with the cash I have. I have $30k cash saved up to use for REI, and access to a loan which qualifies me for 10% down on MFH and 3% down on SFHs at a low interest rate. I think it...
Rick Grimsley
Are expenses looking for investment property deductable?
We are in contract to buy a home with a rental apartment unit. I spent money traveling to see the home in another state. Are these expenses deductible after we complete the purchase?
Nathan Herber
Reviewing MF Income Statement - "Extraordinary Expense" Question
Hello! Yes, this is my first post. I'm reviewing an OM along with an attached income statement in excel. Under expenses, they list "Partnership Expenses" and then "Extraordinary Expense" of $-5,833.15 for eight month...
David C.
What do you use for Expense Ratio?
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...
Marcello Di Gerlando
50% rule to quickly evaluate operating expense
I ‘m looking to dive into the multifamily market, I’ve been doing my home-work and I’m working with a realtor…I have lots of questions. Here is my first.
If I am using the 50% rule to quickly evaluate operating expens...
Arthur Banks
Owner Occupied - How should I calculate expenses?
Sorry I clicked Post before I finished the title. Owner Occupied - How should I calculate expenses?
I'm purchasing a 2 unit that I will owner occupy (OO) for the first year. Expected rent $2300 fully rented...
Lynn Montang
Expenses to consider for a Vacation Rental
Is there a list out there with some general information on when things should be replaced for a vacation rental, ie. towels, bedding, carpet, washer/dryer..... Roughly, how much money should I be setting aside? I am...
Benjamin Blackburn
How much % of rent goes towards expenses?
Hello everyone,I feel like I should've been able to find the answer to this question by looking through the forums but for some reason I cannot find it. So forgive me if it was right under my nose. So, when calculati...
Mark B.
Immediate, Expensive City Violations on Turnkey Property
I have purchased 4 "turnkey" properties in the past 8 months through the same company and overall I have no major complaints until recently. One of the properties is in a somewhat better suburban B/B- neighborhood. ...