Wei Xie
California rent return with dispute among unrelated roommates
Dear fellow BPers,I have a house that leased to 4 tenants in California. Unfortunately, their relation broke down and were disputing about anything. In fact, one tenant is already threatening to sue another in a small...
Alexander Hang
Splitting a house into 2
This is my first rental. I really appreciate any advice.I just won a bid for a HUD house. 2200 sq feet one story house 5 beds and 3 bath and one kitchen for $140,000. The house has 4 entry doors. Neighborhood has a...
Mandeep S.
Lack of clarity with regards to house hacking taxes/depreciation
Hi,
It seems this is hotly debated on the internet.
If I have a single family home and rent rooms out, are proportions of common areas allowable in calculation of depreciation and expenses?
For example,
Let's say ...
Anthony Mikolich
Calculating ROI on a rental ....HELP!
Hello All!
I am considering a duplex in my area with an asking price of 250K. Each unit can be rented for $900 a month generating about $500 a month in cash flow.
I use this formula for my calculations but I'm confu...
Jason Layman
Wholesale for Rental Cash Buyers
I am using the calculator to analyze wholesale for a rental. What is the formula cash buyers are looking for in terms of ROI and/or equity? I have found some properties online that seem close on the numbers, but ...
Logan Swanson
Questions about cap rate
I recently came into some extra money and want to invest in a mobile home park. Everything I see lists cap rates. What is a cap rate and why is it useful? Any information is appreciated.
Webster Edpao
Figuring/estimating depreciation costs
Hi. First post. 😁I understand that to determine depreciation, one takes the FMV minus the cost of the land and divides bu 27.5, correct?However, how does one determine the cost of the house(alone) on the property? Is ...
Mohit Madaan
Math problem, 1 out of 4 unit didn't get meter on time for electricty
So, here is what happened. I have a 4 storey commercial office building in another country and 2 storeys out of 4 storeys were vacant.We had 2 sub meters installed, whatever the electricity bill came from authority, w...
Adrian Lemus
I need help understanding my new Lender
Hi Biggerpockets, I need some clarification on what the lending company is going to really charge or better yet on how to do the Proper Math!
On the contract it says the following:
The applicable annual rate will b...
Account Closed
Estimating cap rate?
Hi all, a long time ago I read of a simple way to estimate the cap rate on a property, divide the gross rents in half then divide by the value or asking price on the property.I'm curious, estimating expenses as half o...