Hello BiggerPockets!I am still a newbie real estate investor located in Minneapolis, but I have been perusing some other out of state markets with larger cash flow margins. I recently finished the Bigger Pockets book ...
As a new agent, I have yet to really explore the legal and accounting aspects. I mainly have been concerned with getting listings. That being said I have been using my personal credit card for all my business expens...
Curious how people underwrite their multifamily deals surrounding EXPENSES - obviously expenses vary market to market, but is there a "general" consensus as to what typical costs are per unit (water, electric, r&m...
Hey hey! I'm new to BiggerPockets and investing so I'm trying to learn as much as I can prior to making my first purchase - in order to be knowledgeable about return. I'm using the Rental calculator here, but am not s...
I have a duplex in Columbus, Ohio, which I am planning on turning into a short term rental. It is a 100 year old home, but it is in good shape. The kitchen and bath were remodeled this summer and the entire unit was...
I currently have one property rented out, I own and manage it under one LLC (I am the only partner). My question relates how to properly pay for and deduct business expenses across multiple entities. Especially if the...
Hi everyone!
I am looking to purchase my first rental property.
What is the biggest on going expenses??
Single family home biggest expense?
Condo rental biggest expense besides HOA?
Thanks in advance!
Nick
What is a good software to track expenses ? (Easy receipt uploading, etc) This would be for less than 2 rental properties for now.
Looking to find a collaborative app where my partners and I can quickly input a new expense on a rehab that we can all view and approve before moving forward. I know we could do a google spreadsheet but we are all co...
Hi everyone and Happy Thanksgiving. I am working on a few deals and wanted to ask, if there was anyway to verify the income that the seller of the property is actually listing in their current income/expense financia...