Arty Fresh
Expenses vs liability ?
I have been reading rich dad poor dad and he seems to separate expenses and liabilities into two different columns. I guess they are two different things ? For some reason I see them as the same thing since they both ...
Leo Gonzalez
Paying Income Tax on Low Cost/High Cashflow properties
After successfully purchasing and renting out a duplex in Syracuse NY I've started considering the tax implications of the gross income I will be receiving. The analysis I did on the property accounted for expenses l...
Andrew Schena
Property Management Fees on A/B Class Assets
I'm currently looking at a 105 unit deal, which is comprised of 2 different assets. One of the assets is Class A, and built 5 years ago. The other property is a 70's product that just got repositioned to a Class B p...
Caitlin Dykema
As a realtor can I pay my personal mortgage from my llc?
As a newer realtor I'm thinking about starting an llc or s-corp so I don't get burned as badly on self employment taxes. I am also getting ready to move and rent out my current house and purchase a new one. I'm trying...
Bienes Raices
Do I need to expense this cost for the LLC, or leave it alone?
The portable alarm (lasershield) that I use is billed to my personal credit card. The alarm was in a house that I own in an LLC for a few months while the house was vacant.
In order to avoid co-mingling, do I need t...
David Cochran
My First 4-Plex Deal
What would you expect to pay for a 4- Plex near a college campus that has 4 units, each 2 bed and 1 1/2 baths? Each unit rents for $750.00 a month and it doesn't require much maintenance as it is a newer building. Exp...
Evan O'Brien
Bank Accounts for STR Expenses
When you start purchasing short term rentals is there a certain amount of bank accounts that you have for your monthly expenses associated with the property? And if so what type of bank accounts should you have for th...
Drew G.
New Investor - commercial and residential units
Dec 30, 12:43 PM Vote
Hello All,
My wife and I are looking at two 3 unit buildings that are being sold as a package or they can bought indvidually. I have been doing a lot of reading and using the spreadsheets I foun...
Marc-Andre Bordeleau
First investment: 16-plex apartment building
Hey guys thanks for coming. I was looking at this apartment complex and ran the numbers on BP's calculator and thought I might as well ask for your opinions on this deal. I think it looks like a solid deal on the outs...
Jeremiah Struble
Analyzing a multi family deal
I am looking for pointers for analyzing an 8 plex multi family property. What sort of questions and information is needed when talking to a seller?