Sean Roustio
Need a Basic Excel Document for Income/Expenses
Looking for a basic excel document to keep track of income/expenses. Don't need anything too complicated as I only have 3 rentals and have been doing it with a simple word document. Just something that I can input the...
Quy Huynh
How do you categorize expenses for your Multifamily?
Hello,When reviewing expenses to my multifamily properties, there seems to be 2 types - maintenance/repair items and capital expenses. How do you guys track / categorize your expenses so when it comes time to sell, yo...
Keeton Byerly
25% Expense Ratio - How to I get it?
I've seen several multi-family home listings suggest that a 25-33% expense ratio was not only possible, but commonplace. In my properties, I've been operating at about 50%. Is this something that comes with economies ...
Christopher Smith
Re shingle Roof - Tax Treatment Expense or Capitalize
Will likely re shingle an 18 year old SFR's roof in the next 12 to 18 months. No major structure work will be required, nor removal of old shingles. Will likely run around $6,000. I've seen some fairly aggressive back...
Daniel Mills
Buying a house for your child's university expense
I was listening to the podcast today and Brandon mentioned that he bought a four-plex for his daughter when she was born on a 15-year mortgage. the idea is by the time she graduates high school she will have a propert...
Gi'angelo Bautista
Building MF vs Condos for rent? Expensive Cities)
I noticed that condos have a higher price per sq ft than multifamily units in the San Francisco Bay Area. I.e Multifamily would trade at $500-$700/sq ft, but condos trade at $1,000/sq ft. Is it better to build condos ...
Stuart M.
Expensing deferred mortgage interest from Covid/CARES forbearance
Say for 6 months in 2020 and 6 months in 2021 the mortgage on a SFH investment property was deferred under a CARES Act forbearance. 6 months into 2021 all the deferred interest and deferred principal were added to the...
Nathan Williams
writing off cash expenses for a rental property
say you buy a used $150 stove from some random person on craigslist/offerup or hire a handyman for a $200 and they are taking cash only... is a ad hoc bill of sale enough documentation for these expense write offs to ...
Todd Mason
Buying with cash. Do you still expense vacancy?
Looking to purchase a long distance rental in a lower market and I will be looking to pay cash for the unit. One question when running the numbers is should I expense a vacancy percentage? Taxes and insurance will a...
Angela Romero
Calculating expenses for a small multi-family property
Hi Bigger Pockets community,
I'm starting to analyze deals in the Philly + suburbs area. I'm looking for a small multi family in the 100-250K range. Here are the costs I'm estimating and would love to get your fee...