Edwin Lopez
Managing gross income from business
What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself? Thanks in adva...
Benjamin Brooks
How much saved cushion when buying a multifamily
Hi all,How much cushion should you have saved for fees and misc expenses when buying say an investment multifamily property?For example say I have $100,000 saved and go to buy a $400,000 complex with 20% down so 80k d...
Matt Smolinski
How to Track Property Reserves
I just got my first tenants this week and now I'm trying to get my financial organization in place. I've recently purchased Quicken 2019 Home, Business, and Rental Property and so far it's been fairly easy to setup. I...
Rebecca Shine
Operating Expenses vs. Capital Expenditures
I have a couple questions around bookkeeping and taxes for rental properties. I recently had some work done in the basement of one of my multi family properties that amounted to $4300. It was really needed because w...
Matt Friesz
Different Accounts For Rentals
Hello BP, Things are moving very fast for me and I need some input. I just acquired my first duplex and was given the security deposit for the one tenant that currently is there. I have four other multifamily units th...
Tandi H.
Help me analyze this deal - triplex, turning one unit into STR
This property has three units, a 3/2 and two 1/1's. Current rents are 1100, 735, and 725. I'm planning to turn at least one of the 1/1's into a vacation rental which should earn at least 1200/mo (very conservative e...
Julio C.
Understanding Cap Rates
I’m trying to understand cap rates in multifamily real estate, and I don’t mean getting the resulting number of dividing the NOI by the value of the asset.What expenses should be included in the NOI formula? I typical...
Mike M.
How much should a PM involve Landlord?
Hey guys,I've been self-managing for 5 or so years now but recently turned over the PM on a couple properties to a local property management in town. I'm so use to being involved in the day-to-day business of the prop...
Anant B.
Making Money in Multi-family and Apartment (5+ units) Investment - Real or Myth
Hi I am relatively new to Real Estate Investing and have been mostly buying buy and hold properties for rental income for past 9 months or so in Chicagoland area - primarily in suburb areas. Have acquired a few SFR / ...
Account Closed
Commercial Appraisers - How do you determine operating expenses?
Hey BP -
In the coming months I'd like to refinance a 5-unit multi I've been rehabbing. I'm trying to get a rough idea of what my ARV will be. I have a good idea what the cap rate for this area will be, and I know wh...