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As a few of you know, I'm working on getting my rental operation off the ground. I have an idea I want to bounce off you regarding loans for rental properties.
I will be forming at least one LLC to run this operatio...
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I’ve come across a duplex in my area that is for sale for $125k. Both sides are 2 bedroom, 1 bath and approx. 780 square feet. It is a bank owned property and the bank is only accepting cash offers. My contractor and ...
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I am working on coming up with a few ratios for a multi family property my company has.
I am wanting to establish the operating expense ratio, total expense ratio, and debt coverage ratio. The debt coverage ratio is ...
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This is how I have my excel set up with Calcing everything that goes into it. Under the Expense portion should I have columns for "Cap Expenses & Vacancies as well?" If so, what percent should they be taken from.....
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Hi all - wanted to get feedback on a particular deal, would really appreciate any input as I would be a first time purchaser. Details below, numbers are approximate:
+ Asking Price: > ~$400,000
+ Re...
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Hello, we bought a investment property in October but was not rented till February 2020 as it was going through renovations. Can some real estate accountant guide me as to what can be deducted on my 2019 tax return. I...
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How do I get a 203K loan on a HUD home? I know I have to pay the earnest deposit either $500 or $1,000. Does this take the place of the 3.5% down? And if I'm bidding online how do I add in the rehab costs with the ...
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Hi Everyone,I wanted to get some feedback on a property in consideration. I coming in roughly at a 5.7% CAP. Although, not sure if I'm being conservative enough. I am allocating roughly $100/month per unit to go towa...
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Closing on a building that allows the tenants to have their own washer and dryer but the water bill will be mine. I want to have the tenants remove them and put in coin laundry. Can anyone recommend a brand and websit...
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We have several 1-2 family rentals in a neighborhood that gets a mix of students, grads, and professionals. The competitors all provide washers/dryers, some free and some coin-operated. We have washer/dryers as well, ...