Dennis Williams
Multi Family Value add list
Hello BP members!! Just wanted to start this forum for new and seasoned multi-family investors. Base on your experience, what value adds do you look for when evaluating a multi-family property?For example (try not to...
Chris Rizzo
Best way to keep track of expenses/income with rentals
Hey all,So, I am hopefully closing on my first rental property at the end of this month. Happens to be my own office (commercial condo in a Medical building), so I've got a pain in the ass tenant :)Anyway, I created ...
Dainmeyen Brown
Househacking a quadplex in an appreciation market
Question: Currently searching for a quaplex to househack in an appreciation market. All of what I've learned says if you're not receiving positive cash flow, DON'T DO IT. However of all the properties I've seen and an...
Aaron Murphy
Schedule E tax question
I am looking for some help to clarify the way that income reported on my taxes will affect my debt to income ratio? It is my goal to minimize my income as much as possible using legitimate expenses and depreciation e...
Mike Whitaker
Tax deductions for losses within my LLC
Hello everyone, been lurking for a while now. Now I have a question, hopefully in the future I'll be able to add to this forum.
I formed an LLC last January, bought a house to fix and flip in July (could my timing ha...
Jonathan Lyford
Your LTV and Cash reserves
Hi all,
I am relatively new to REI, and looking to buy more without being foolish and taking too much risk.
I am curious, what would you consider a good/safe LTV for your overall portfolio?
What would you ...
Jack Tinker
Who Includes Rental Income Tax as an expense?!
I am curious. Typically when I analyze a property I include the usual (property tax, insurance, etc.), I was wondering if anyone includes rental income tax as an expense when analyzing a property? For example, after d...
Steven Barr
How to calculate maintenance expenses for BRRRR
How are y’all calculating your projected maintenance expenses for BRRRR properties?I know the rule of thumb for a traditional rental is 40-50% all in expenses (vacancy, prop mgmt, taxes, ins, repairs, CapEx, etc)..But...
Giovanni Cortorreal
What factors determine the wholesale offer?
Hi guys-
In my transactions I have the buyers paying all the closing cost.
As you know, to arrive at the acquisition price we subtract the repairs and the assignment fees from 70% of the ARV.
But how...
Babu Byrapuneni
Rental balance sheet
Hi, I'm working on the balance sheet for my rental (multi-member LLC) and need help. Rental bought in 2023 and initial return.For assets - Cash, depreciable assets less accum deprn, landFor liabilities - Open credit c...