Franklin Lee
Questions about my family's properties
My family owns 6 rental townhouses. Those townhouses give us a fairly good income and my parent told me that we don't have to pay any expenses - i.e. electricity, heating, water, etcs. Something under a tenant policy ...
Jayson Hinkson
How to manage rental income, expenses etc bank accounts
I am seeking advice on how to manage my cash flow with my 2 rental properties. My wife and I currently have full time jobs and I manage both the properties myself. So far I have been collecting rents in one account ...
Anthony Silva
STR Tax Write Off
I go and stay at my STR a few times a year to check in on the property and make updates or repairs where it is needed. I know that I can write my travel, supplies, and food expenses off of my taxes while on that trip....
Daniel B.
Cash Damming Strategy Help
Hi all,
I'm trying to implement a cash damming strategy to convert some of my personal property mortgage into tax deductible debt, and I'm looking for some guidance. I have a few rentals that have LOCs associated wit...
Tyler Winchell
so how would financing a apartment complex work?
if i were to buy a apartment complex outright for lets say 700k as my first investment. and 2 months down the road only 10% have been vacant at a time and rental income after managment is 11500. how can i do the BRRR ...
Jeff Lawlor
Bookkeeping: How Do I Split Personal and Business Expenses?
I have an ADU next to my primary residence and often buy things for both units. I'm using Stessa and looking for the right way to record only the business expenses.Here's what I'm doing:1. Enter an inbound "owner cont...
Sheri R.
RENT AND REPORT OR NOT
I will be paying cash. He will live in the house alone. I will be paying the tax and insurance. Hopefully he will be able to reimburse me for my expense by making monthly payments to me. I am unsure whether I should r...
Gwendolyn Davis
2, 50, and 70% rules
Hello all,I am reading The Ultimate Beginner's Guide to Real Estate Investing. My question to you all is: How do you calculator for multifamily units? I'm practicing using the rules and here are some details. Includes...
Nicholas Jose
How do you calculate applicant's monthly income after expenses?
Good afternoon, BP.Let's say you want an applicant's monthly income to be at least 3X the monthly rent. A) If the applicant is an employee, would you just subtract the average expenses found on the bank statements fro...
John H
Multifamily Analysis Question
What do you guys look for when considering multifamily properties?
I'm looking at a 7-unit property currently with the following figures:
*Total Gross income (Rent + Laundry): $78, 000
*Operating Expenses: (Based on...