Account Closed
Too good to be true pro-forma?
Feedback appreciated. The property is at 10111 S Ave. L, Chicago IL. 35% IRR with 0 appreciation projected seems almost to good to be true or am I just used to north side? Comps show as-is rentals $900 and rehabbed $1...
Eric Schaaf
A Quick House Hacking Question
Hello!I am new to real estate and I am currently saving up for a down payment on a small multifamily to house-hack for a year or two. I am having an issue though, and perhaps it is just that at the time, there are no ...
Jarred Tate
How does this duplex deal sound?
Good Day to All,My name is Tate and I currently reside in Corpus Christi, TX. This is my second time posting on BP. My wife and I are getting ready to purchase a duplex. Side A is 3/2.5 and side B is 2/2. There is a c...
Kyle Winston
House Hacking in an Expensive City
Hey everyone, I am new to the BP Forums, but have been listening to the pods for a while now. I'm 23 and live in Chicago and am want to buy a duplex/triplex/4-plex to live in and rent out the other units. I have been ...
Miles Stanley
Dilemma: Accounting for CapEx
OK, I know this has been beaten to death on multiple posts and podcasts but I'm still having trouble figuring out the best way to account for CapEx figure. Don't pounce just yet..hear me out! This is probably analys...
Mark Hegele
tax on mortgage principal reductions
I own some small assisted living homes for the elderly. Is the principal reduction on my mortgages each month considered taxable income? And if so at what rate?
Luke S.
First 4plex (please harrass me/deal... I'm a newb learning)
I will begin with a little drawn out story about me before i get into the project.
Born and raised in Agriculture, will be focused on that industry throughout my life. I will however focus much of my capital and inv...
Anthony Larson
Not WAR zone, not Prime multifamily deal (what to pay)
after expenses theres 23990 left over as the property sits and theres room for that to improve by increasing occupancy. But I want it to cash flow the second I take it over.
5120 w center st
12 units totals
pote...
Fady Riad
Loan & Cash Flow Question
Hi Everyone,I have a question about loans and making sure you're cash flow positive. I've doing all my calculations as if my loan interest is tax deductable and even though the principle is not I can claim depreciatio...
John T.
Rental property/ business expenses Qs
Hello BP,
We bought and rented our first investment property last year. It is in our personal name (no LLC) and we did our taxes for the first time. We were keeping track of our business expenses, particularly our ...