Hi BPers,
When it comes to tax time, were are you accounting for your rental property search expenses? the house hunting expenses? Are you putting them on schedule C since they arent necessarily assigned to any parti...
I was talking to someone and they said they use to own a $400,000 rental property in California but sold it and got 7 properties in Michigan and making 5x more but still ended spending less than she did on that singl...
Hey BP community, I am trying to figure out the best approach to purchasing my first rental property. I'm green but I'm reading all the legitimate material I can find on RE investing. It would preferably be a duplex o...
How does everyone recalculate expenses on a property from one year to the next?I set aside 10% for maintenance/repairs and 10% for CapEx, but as I continue I'm curious if I should readjust accordingly each year or qua...
Hello. I am almost done completing a half a million dollar gut renovation on a 2 family. I will be living in one unit and renting out the other unit. Am I able to write off the renovation expenses for my taxes? One C...
So I am trying to refine my spreadsheet for rental property analysis, and I am trying to figure out what percentages to allocate for the various expenses that come with a property. Right now I set aside 24% of the gro...
When you estimate expense on an apartment building, I know it's recommended to go with 50% of the gross income. But what about areas where rents are very high? What's the best way to be accurate and conservative at th...
Hey guys - I was trying to get a genral rule of thumb on operating expenses for a rental property. I know it would vary by location but I would like to hear what are the %’s for you guys. Currently out of the total gr...
I am curious about understanding typical expenses in the twin cities region. I have been looking on the MLS and a lot of the houses I have been seeing are rather old, typically built between 1900 - 1920. Of course, t...
Hopefully going to do buy my first unit this year. I have a question about what expenses does a landlord typically incur? I know about prop taxes and I plan to have a prop manager which i am told is about 10% of the r...