James P Fridge
Turning expenses into cashflow?
Let's say I purchase a 4 plex that rents for $2,400 a month. It has a new roof, 4 new a/c condensors, 2 new water heaters and tile throughout. My PITI totals $725/month. I take that $2,275 left and put it in the bank...
Danny Jimenez
Tenant / Owner Expenses Split?
Hello all! For anyone in the Cleveland Ohio area, what typically is normal in that area in terms of who pays the water/sewer, electricity, gas, & garbage?Looking at small multifamily deals in the area and was curi...
Brian Wilson
DTI and Living Expenses
Good Morning BP!
This year I'll be acquiring my first rental property as I'm finally in a financial position to do so. I have a 2 pronged question. I currently put all of my living expenses on a credit card (includin...
Mike M.
Self Directed IRA expenses
Certainly the final word on this question would come from my lawyer or CPA, but I'm sure a lot of you have experience in this area. When going through the process of purchasing property with an IRA LLC, can all aspec...
Logan Oliver
Rental property expense tracking
Hi everyone!I’m hometown investor with 3 rentals currently and rehabbing a 4th right now. Expenses are getting harder to keep track of. How do you all track income and expenses? Looking for a user friendly software to...
Hobart King
Insurance quotes outrageously expensive
Recently bought a property for 45k (2/1 900 squat ft) that’s in good shape and need to get an insurance policy on it. Our lowest quote was $100/mo which seems outrageous given I pay about that amount for my 3/2 1900 s...
A. Maldonado
For an unexpected expense
Thoughts on using a personal line of credit for unexpected expenses as opposed to just saving money in a an account and using that. 🤷♂️
Monty Bruckman
4-Plex Expense Analysis
Hello,
I've been researching different multi family properties and running the numbers and I am a little confused for some of the inputs relating to repairs and capex. Typically for a SFH I've used $100/mo for repair...
Rudy Necoechea
Wholeselling in expensive markets
Any guidance on this topic would be amazing! Marketing strategies/ generating leads/ building buyer list etc.I am also a licensed agent in a expensive market. Would like to know how/ if I could use this to my advantag...
Joshua Thomas
Junk Removal - Business Expenses?
I am about to rent out my house but there is a lot of things that I want to move and get rid of before my tenant arrives. Can I deduct the junk removal and moving expenses? I just want to make sure I am doing everyt...