Most investors buy rental properties for cash flow, and the fear of losing money keeps many rookies on the sidelines. How can you be certain that you’re going to make a profit before you buy? Today, Ashley and Tony wi...
Do you want to buy a rental property in 2025 but fear money could get in the way? Putting 15%-20% down is a huge hurdle for new investors, but there are several strategies you can use to limit your expenses, grow your...
Dion McNeeley retired in just ten years after starting from not just zero but NEGATIVE. He was forty years old with $89,000 in debt, had no assets, a low-paying job, and zero investing experience. Thanks to his “lazy”...
Dave Reynolds
Valuing a Mobile Home Park
Valuing a Mobile Home Park:
I want to know how many lots there are, how many are occupied and paying, what the lot rent is, what expenses the owner is paying, and who is responsible for the water lines, sewer lines,...
Ben Pearce
House Hack Accounting Help
My wife and I will be house hacking with a duplex once we close at the end of January. I have some questions around paying the mortgage and also about the use of a business credit card.
I currently understand the im...
Alessandro Pascucci
🏦 Income taxes question
Good morning everyone,I have a basic taxes question for you today:Assuming my gross rent income is1000$/ month and based on accurate research I can plan a total of 500$/month of expenses (small repair; big repair; cap...
Dustin M.
Evaluate this deal on a four-plex
Hi.
A four-plex in my area is currently for sale for $70,000. From what I have learned from the sellers they are extremely motivated to sell because they recently divorced and neither of them wants to own the propert...
Caleb Gray
House Hack Improvements on Personal Side - Tax Implications
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...
Liam Rosenberg
What does a HML consider a “Renovation Expense”?
I’m buying my very first house in North Miami. I’m just starting the process of searching for a property, but I’m trying to figure out my budget. I will have $30K in cash. So my plan is to put 10% down and have a hard...
Art Maydan
Are Rental Utilities Deductible?
Hi Everyone,Would things like an electrical bill I pay for common areas and the water bill which I pay fully be tax deductible or are those just regular expenses?Much appreciated,Art