Hannah Joy
Depreciable expenses vs rental revenue income tax
What is the magical ratio of one time capital expenditures to capture enough 100% depreciation to neutralize income taxes on rental revenue? I know it exists...If I buy one property a year and do extensive renovations...
Account Closed
Expenses > Cash Flow for the First Year ?
Background:$50,000 house3 bed, 2 bathCash Flow:Rent - $850Expenses:Down Payment - $10,000Mortgage - $201/mo (30 year loan)Rehab - $10,000Repairs - $500 (may or may not spend)Property Management - $85/mo (10% is fairly...
Alexandra Isenhour
CAM Expenses when a tenant moves out.
I have a tenant who moved out in May and a new tenant who moved in June. If there was a CAM fee completed in January 2023, would I prorate this expense to the new tenant even if it was completed when they were not in ...
Jeremy Porter
Managing Additional Expenses: A Property Manager's Guide
As a property manager, it's not uncommon to encounter situations where a tenant begins to incur additional expenses rapidly. Whether it's due to changes in personal circumstances or unforeseen issues, addressing these...
Brian DeMaestri
Is Colorado Just TOO Expensive For Wholesalers?
Greetings all!Looking to network with wholesalers in Denver, Aurora, Centennial and Highlands Ranch areas. However, being the market is the way it is in Denver, I rarely see "We Buy Houses" type of signs, so just wond...
Ryan Williams
What's Your Buy Box in Expensive Markets?
Hello Denver! (and similar "expensive" markets) I'm an agent/investor, I run numbers A LOT for myself and clients for 2-4 unit properties in the Denver Metro area and I rarely find anything that breaks even from a cas...
John Gillick
"Individual" expenses in a 50/50 LLC
Tax question. If you and a friend have a 50/50 LLC and you drive say 10 miles to check on the venture, is that $5.80 mileage expense:
a. an expense put on just your K-1?
b. an expense put on the LLC's tax form (882...
Nathan Gesner
If you think a professional is expensive...
...wait until you hire an amateur.This is what the amateur gave me.This is what the expensive pro gave me. Can you spot any differences?
Amanda George
RE LLC taxes (expenses, but no properties)
My partner and I started a LLC in January 2023 with the intent to purchase an investment rental property. But 2023 interest rates soared and we couldn't find a deal that worked. In the process, we did incur expenses...
Ronnie Howard
Deducting Expenses Prior To Buying 1st Rental
I’ve been a lurker for a little while now. Listening to podcasts, reading and suffering from a case of analysis paralysis. Ready to start actually acting and curious how it works with expenses I incur prior to purchas...