Quick question! I have a spreadsheet on which I'm tracking all of my revenue & taxes that need to be paid. For tax purposes, do I need to breakdown a stay that goes across months?
Hello, my name Donna I am from Philadelphia. I do not have any direct experience in real-estate. I am however employed by the City of Phila and have worked in the sheriff sale unit, tax lien, water revenue and reven...
Hey BP Community!
As I venture into rental property management, I have a few questions:
1.) Owner-Occupied Property in Texas: Will I need a property management license if I owner-occupy the property in San Antonio, ...
Lately I was introduced to a quick way of analyzing property. Say your gunning for strictly 7% cap, the formula would be.
VALUE=NET REVENUE/0.07
My question is in, When calculating net revenue, what do you substract...
Hi BP, has anyone tracked their margin per apartment? I've got some numbers from it and most are good but I'm not really sure what to compare it too. Is 25% per apartment good, 50%, 15%?
Dear Bigger Pockets community,The Situation: I have contacted an out of town property owner in Pennsylvania who is willing to give the property away if I take on the back taxes. Even with a rehab the ARV would be low ...
Bigger pocket members, How do you file for tax return for newbie? I only have two rentals. One in Memphis and another is Cleveland? Anyone recommend using turbo tax? Hiring cpa can get expensive so trying to find t...
Hi BP,The community has always answered all of my questions, or at the very least, pointed me in the right direction. I have a rather complex question that I was hoping someone could help.I am in the US. Active in my ...
This is a process post and not an advertisement. Also, key Due Diligence items. Did one over in the Classified sections. Don't contact me or respond on this post, unless about the process and Due Diligence. Thanks...
I am looking to sell my billboard easement in Southern Texas. All expenses are paid for by Lamar. Its a new 20 year lease with 20% monthly gross revs. I am being told I can sell for near a 6% cap ($17k/m). Are there a...