Pardon my ignorance, but in reviewing some income statements for investments I'm trying to make sense of some napkin math concerning Net Income and Distributions. For distributions to occur for a multifamily property,...
I read that landlords are exempted from issuing 1099s to contractors and laborers. Does that apply to buy and hold rehabbers as well?
So I have created a DBA and signing up for a Chase Business Checking Account to organize money flow and make filing taxes easier. My question now, if there was an expense/repair that I need to pay, should I use my per...
Hello Experts - I'm new here, just started renting my property. I have a couple of questions and would appreciate if someone can help:
We lived in our rental property until August 2023. Regarding Tax, Insuran...
Looking to purchase rental properties in and around New Braunfels, TX. Been listening to the podcast and seems like the big rule is to make $150+ a month per unit after all expenses (mgmt, repairs,vacancy,etc). I'm ...
Question on commercial multifamily valuation...When I analyze deals, I include Reserves (10%, set aside for CapEx) in the Operating Expenses, which means it is a part of my NOI calculation. That's how I do it internal...
Started LLC in Nov 222 member unrelated LLC deposited 24k into business bank account and 12/1/22 bought first property and year end balance is $2402 ( all expense were downpayment which included closing costs and ban...
I finally completed the eviction of a tenant I inherited when i purchased a duplex. She trashed the apartment and the repairs are costing about $5k consisting of $2k carpet, $1.5k doors, drywall, etc, $1.5k paint....
Hello all,I'm just getting started in the syndication business and just finished Gene Trowbridge's "It's A Whole New Business: The how-to bible of syndicated investment real estate"... phew... I plan to follow his su...
Hi All,I am refinancing a 26 unit apartment building in Idaho with Fannie Mae. I chose to hold the asset in my name and get a ton of insurance, umbrella, etc. But, with the refinance, Fannie Mae is requiring that I ho...