Chris Adams
Personal finance - pay off debt?
I keep a monthly cost of living spreadsheet that list all of our personal living expenses like the Mtg on my home, car payment cell phones, food cost utilities and blah blah blah.
My goal is to have over 100%...
Jessica Hood
Initial cost/Renovation cost/Cushion Ratio?
When considering your budget, is there any general rule of thumb for the percentage of money you spend to buy a property vs the percentage for renovations vs the excess left for cushion/emergencies? I will have a set...
Walt Waters
Logic behind add back principal payments
Hello everyone, Can someone please help me answer this...This question pertains to line 56, "Add Back: Principle Payments" in the REIpropertyanalyzer.xls. I downloaded the REIpropertyanalyzer.xls from BP and it's been...
Zach Cohen
Current Law School Student - Invest?
Hey everyone! First post here on the Bigger Pockets forums after discovering the podcast a couple of weeks ago. I’m from Fort Lauderdale, Florida and start Law School in Miami in August. Luckily, due to my $35,000/yea...
Patrick Stuckwish
Should rental amount include HOA
Hello everyone! I know that HOA fees are ultimately due by the property owner, but my question is:Should the rental amount include HOA fees or should HOA fees be an addition to the rental amount? My thought process ...
Matthew Maggy
Can't get cash-out refi on condo, other options?
I have a condo in Reno, NV that I paid cash for in 2010 (before I knew about real estate strategies, etc.) which has more than doubled in value. I want to pull that equity out to put into play a BRRR strategy where I ...
Patrick Ladouceur
Rental Property Analysis
Hello, I am new to investing in real estate and currently in the analysis phase of investing. I live in Ontario Canada, I've found a triplex that I am interested in and I ran the numbers on what it would cost monthly ...
JJ GONZALEZ II
5 UNIT MULTI
5 UNIT
700K PURCHASE PRICE
RENT 67,500
EXPENSES
TAXES 16,500
UTILITIES 3,500
INSURANCE 3,250
HOW MUCH should i allow for cap ex, repairs, vacancy
thanks JJ
Victoria C.
Property Management - Repairs & Misc.Tax Paperwork Questions
Hi All,I'm a new landord and I have a property manager, and I know very little about taxes, but I know you can deduct a lot of the repairs & expenses, etc. I want to make sure I'm keeping my paperwork trail correc...
Patrick Butler
What does "Break Even" mean?
I'm new to BiggerPockets and have not done my first long term rental deal yet. While listening to the podcast, I keep hearing people say you are doing well if you are "breaking even" on a long term rental year 1 with...