In my planning for retirement, I estimate my family annual expenses to be about 100K. I want to know how much do I need to clear in rental income to be able to cover that.
Obviously, the depreciation should make the ...
I'm trying to save on taxes but wondering if this method is correct. Can someone help?I have rehabbed and sold House A in April 2020 and House B in May 2020. I have purchased 2 more houses (House C and House D). Have ...
Can anyone recommend an accounting/bookkeeping software that's not too expensive? Currently I just use excel since I don't have an extremely tedious amount of expenses at the moment, but since I'm getting ready to ge...
Hi, Forgive me if the answer was posted somewhere else (could not find it). My husband and I own 4 houses, one of which is our primary residence as of Sept 15, 2016. The one we moved out of is being prepared for ren...
I am house hacking a duplex and have been planning on paying my business the same amount of "rent" that any other tenant would be required to pay but I just thought of it that doing so might not be the best idea. My m...
Hello BiggerPockets community,I am analyzing my first small apartment complex. Here is a quick description:6 Plex located in Gainesville, Florida, C/B on bottom, behind Oaksmall, convenient to UF, malls, and shopping...
Pretty simple question, that my searches haven't turned up.I understand cash flow, expenses, and the 50% rule. I also understand that people tend to look for a certain number for Cash on Cash return (e.g. 6-10%). What...
Im looking at doing a refi on my primary to do down payment and up dating on a rental...once updates complete on rental should rent for 800 leaving 400 a month cashflow...my thoughts are to build up 6 months of rent ...
So my brother and I bought a triplex last year, with me owning an undivided 2/3 interest and my brother 1/3. We were splitting the aggregated rental income and expenses just fine but now I moved into one of the units...
if my business is paying some other business loan interest can it be deductible?