John Underwood
EIDL loan - Use of Funds
Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "...
Jeffrey D. Logan
When is it safe to start "paying yourself" from cash flow?
Hi all,First time landlord in the Boston area here. Quick background: wife and I are moving to NH after being in a Somerville condo for 3 years. It has appreciated about $130k since we bought it ($570k to ~$700k). We ...
Krista Roodzant
Should it stay or should it go?
Not sure if this CA property purchased in 2011 is a keeper or if I should 1031 exchange it this summer when the lease is up. Some stats: Purchased for $148,000 and refinanced in 2015 with a cash out that was used to...
Account Closed
Cap Rate Question
How to properly figure out cap rate on an owner finance deal? All my houses are owner finance. It's pretty simple to figure out so I thought....My first property I bought, I figured it like this: purchase price: $51,...
Leona N.
Cash flow with 100% leverage
Think I'm experiencing analysis paralysis we have run so many scenarios lately. We are looking at a deal that is more of a business than real estate in that it would be a full time job for 4-5 months out of the year. ...
Monica Kovalsky
LLC Accounting Questions for New LLC Owners (cross posting)
Hi everyone!My husband @Kevin Kovalsky and I have been in the process of setting up a business structure for our rental properties where each property is in its own LLC and then all the individual building LLC's are o...
Sean Harris
Akron Oh expenses and multifamily
What's up BP community I had a question for anyone that has investments in the area of Akron Oh. I recently started looking back to this city as a place to start investing after reading the most current market analysi...
Treza Edwards
Cash Flow Corrections
How can I correct cashflow issues if I have 3 properties? 2 are not cashflowing with the required expenses for vacancy at 10%, repairs at 10% and capital expenditures at 5%. Although I have 2 steady tenants in the pro...
Dave S.
Can anyone make this property work? Deal or no Deal
So here are the numbers....Property sale price is $11M (50 unit built in 2017, 98% occupied, rents on par with market)Rental income totals $860K (rents plus all fees and garage rentals)Expenses total $240KAble to secu...
John K.
Schedule E, Rental Partnership - Unreimbursed Partnership Expense
Quick question for a tax professional, I've read extensively and started to draft a modification for our partnership operating agreement - but want to verify that this method works. Since we use our personal vehicles...