Ellie Perlman
Fighting COVID-19’s Impact on Multifamily Properties
I’d like to share with you what we’re doing with our properties to mitigate COVID-19’s impact on our properties, with the hope that you can use some of these ideas and strategies on your own properties. If you have ad...
Sabrina Savinski
Tax Implications for Rehab Costs House Hacking
I am currently house hacking and occupy nearly 50% of the square footage. Our unit is also going to be the primary rental unit when we move out and will pull in the majority of the income. Our unit has been kind of ru...
Oliver Hellested
Can you use the BRRR methond on a 6 family?
Hello,I recently identified a 6 family property that is being mismanaged. The owner paid utilities/expenses are high. On top of that the rents for each apartments are roughly 100-150 under market rents on a conservati...
Steve Fitzgerald
Operating Expenses vs Journal Entry
This might not be the right forum, but I thought I'd give it a try. I'm keeping my own books for now. For those of you who are keeping your own books do you typically count your principal, interest, and escrow as oper...
Dillon Dull
Write offs/expenses VS. Remaining profitable
So I have been thinking about this for some time. It seems like everyone tries to do everything in their power to increase their expenses and write-offs in order to not show any income to pay taxes on for their busine...
Eric S.
Another 2%, 50% question
I'm new to real estate investing so I've been browsing this website and have read many discussion on the 2% and 50% rule, ROI and the like. I have a little bit of finance experience, just what I have learned in schoo...
Tyler Frost
Tips on Dodging Uncle Sam
I just recently bought my first flip house. All in after closing cost I'm at $75,000. I'll have $20,000 in rehab and the ARV is about $130,000. Based on expressed interest I don't think I'll have any problems getting ...
Christian Johnston
Appreciation: San Diego
I am looking to invest in San Diego despite the high costs. I am doing this to reduce my rent by about $1000 month (I have found multifamily properties where the numbers work). I plan to keep the property long term an...
Jason C.
Travel Expenses for Rental Property
Hi everyone, I have a rental property under a single member LLC, so I filled schedule E this year. Hoping to get more clarification/ideas how this travel expense might be deductible:Meeting with a CPA in another state...
James Ciccarello
What Are Your House Hacking Success / Challenges?
Hello All,
I have just begun my search for a MF property to house hack in upstate New York (Capital Region - Albany Metro). My goal is twofold, to gain experience as a RE investor / property mangement, and reduce li...