Im looking at a new construction Duplex unit, will take 6 months to build.In all the reading and research the 50% rule for all expenses to me seems high for new constrcution.I'm assuming Expense will be Taxes, Repairs...
I am familiar with single family rentals, and in my area the typical rate for property management is about 10% of rent collected. What is the ballpark percentage for multifamily properties? I read another post statin...
If I purchase office supplies with my business credit card in 2012 and pay the credit card statement in 2013, is that expense deductible in 2012 or 2013?
Hello BP community.
I have been analyzing some 5 unit multi-family properties lately and was wondering when factoring in cap expenses at 5%, should that percentage be per door for 25%, or should it just remain at 5%...
Does income to expense ratio matter in purchasing or future Cap rates or does net rent=net rent regardless?
Hi everyone!
I am thinking of option to Airbnb 2/1 single family house in Atlanta, GA and want to calculate the expenses and profits before going that road. Could someone breakdown the formula please? Also does anyon...
Hey BP! I made a similar post about file sharing but now am looking at suggestions where people track finances, in particular their income and expenses. Do you have a one stop shop for all your finances, do you use it...
I purchased a property this week and immediately advertised it for rent.
I am showing the unit to a prospective tenant today, but we have not yet discussed a lease date. Have I now met the requirement of making t...
I am a new real estate investor that just closed on my first single family house two days ago. I am trying to get everything in order before I start renting it out. That being said, should I use an excel sheet to trac...
Hello BP!What software have you seen helpful for tracking income and expenses for record keeping?Thanks!