My wife and had AC installed in our rental back in July and we are wondering if the cost to install the AC is a deductible expense. Any thoughts are appreciated.
Hi All~I just joined BP, and this is my first post. ;) We started investing in real estate in 2017. My husband and I created a LLC- partnership and have purchased 2 single family homes in 2017 that we are painting ...
I've been trying to figure out how to become a legit investor again in my own market outside of the most common ways (big banks, traditional loans, etc.) and have been reading and listening (for quite some time now) t...
Hi,
We are purchasing an out of state property. We flew out to the property. We are trying to close by Dec 31st but it looks like it will close in 2018.
Can the travel expenses count as a 2017 business expense even...
Hi,I am a new real estate investor and I am a little confused when it comes to doing an initial property analysis for expenses on a property I find on the internet. I know what to throw into the expense analysis, but...
Happy Holidays Bigger Pocket Members,First, I am pretty new to real estate game. I have purchased 3 properties and currently have 5 doors but looking to get to 20 doors in the next 18 months. I have tried to follow th...
I closed on a property a couple days ago... It was supposed to be a good day, but turned out to be quite frustrating, and a bit more expensive than it was supposed to be. I was working with a lender who promised to ...
Hello BP,
I understand the 50% rule guideline and it makes more than perfect sense. But does it really scale with more expensive SFRs? For example if I buy a 500k home with a monthly mortgage payment of 3k and I can ...
Hi,I'm new here and new to out of state real estate investing. Already it is has been one expense after another. I purchased a home in an Ohio suburb for $98k. The home is in great condition and had some key different...
We are in the process of submitting an offer and doing our own due diligence. I wanted to do a quick survey to see how you guys verify income statements and expense reports provided by the broker. Currently we have re...