Hello . I'm just getting started. Currently have one property. I'm wondering how to best maximize taxes while staying legal. --
I know that businesses don't get taxed on their expenses, only the profits. From that sta...
Hey y'all! I am looking at a PNL report for an apartment complex, and I am confused about a couple things. These might seem like dumb questions, but hey, I'm brand new to this! 1. What is the depreciation expense?...
I recently purchased a mixed use building with a partner; the commercial space is on the smaller side but I have interest from an individual who would like to open up a salon. Any suggestions on the type of lease I sh...
I have 3 houses each $2700 a month in mortgage and no other debt; no credit card, no car nothing else. My total expense is $2700*3=$8100 monthly. My question is in order to buy my 4th house 1million dollar FHA 3.5 ...
I'm looking into owner occupied duplex purchase. Right now, list prices are between 350 - 400,000. Rents are about 1350 - 1500 for 2 bed 1 bath units. I'm currently looking at a 350,000, would put 20% down. With both ...
Have a property that I am currently interested in but really am not educated in understanding investment properties. Here's the deal:
7 unit building - 3 commercial and 4 apartments
1 commercial unit is occupied and ...
Hi guys, any Oahu / Hawaii experts out there? I'm currently looking into potential rental properties out there. I used the Bigger Pockets Rental Property Analysis Calculator to run the numbers on a place and was cur...
We are looking at multi-families today and have been trying to determine the cash flow on the properties. If the tenant is paying their own utilities, do we include our utilities in expenses while determining the cash...
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...
Hi BP,
Here is a message I received from a seller I'm talking to:
"There may be a way we both can get sort of what we want.
You need your money to fix the place up so income is higher and expenses are lower.
And the...