Craig Salzer
expenses on multi-family
I'm looking at acquiring my first rental property and I'm having a tough time assessing the proper expense ratio. BP has advocated using a 50% expense estimate but I've yet to find a property that has such high expen...
Darian Berry
Calculating Fixed Landlord Expenses
Hi All, I just recently watched one of David's webinars and noticed that he doesn't put any expenses in the Fixed-Landlord Paid expenses section other than insurance. I know if you aren't putting 20% down you would ha...
Ryan Dossey
Keeping track of expenses.
So we have set up our LLC and decided on a bank. I want to keep things as simple as I possibly can for tax time. My partner and I have invested from personal accounts on our marketing and supplies already. I currently...
Daniel Dietz
Allowable Expenses in SDIRA?
Hi,
I was wondering if anyone, @Steve Hamilton , has a definitive answer on what is allowable for expenses within a SDIRA, as far as 'misc personal expenses' goes.
It is my understanding that even thou...
N/A N/A
rental operating expenses--ouch!
Hi All,
First let me say, I love reading this forum. I have a cautionary tale that may help a lot of newbies. On this forum, I have read several times to caluclate operating expense at 45-50% of the gross rents. I ...
Jamal Atwell
First Flip, too expensive?
Hello BP!
I'm in the process of trying to get out of analysis paralysis and actually jump in to some house flipping. Unfortunately homes in the DC area are ridiculously priced unless you invest in "at risk" n...
Jeff A.
1099 - expenses over $500??
I had a fellow investor mention the need to issue a 1099 to any "lllc owned company" who completes work, over 500. For example; your landscapers to a $501.00 project, the company is an LLC landscape Co. you pay him,...
Andrew Ware
Expenses but pre-revenue
I don't know how to approach this. Let's say that I start driving for dollars this tax year. But I don't purchase a property or have any other revenue for a real estate business until the 2018 tax year (or even 2019...
Andrey Y.
Best 'Expense Tracker' app
Do you guys use any of these for iOS or Droid? I have always been curious how much I spend per month/year and on what, but never got around to start tracking. Which app(s) do you like and why?
Jerome Hanson
Spreadsheets (expenses - loan payment)
I've looked at quite a few rental property template spreadsheets now and can't quite figure out why none of them (or at least the ones I've seen) don't give you a place to input your mortgage/loan payment as a monthly...