Most people want to pay $0 taxes for rental property , but claiming $0 profit allows you to qualify for less for your second and third mortgage (due to DTI) . Any advice to pay less taxes but still use the rental inco...
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When doing rental property calculators and writing a budget for monthly expenses there is the 50% rule that says expenses should be half of the monthly income, but is that true in all cases? Utilities can vary widely ...
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I have a full-time job and part-time as a realtor (few months during 2016). I got the 1099-MISC. To prepare the license there are expenditures, including pay for BP membership. Can those expenses be deducted on my 20...
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Hi All, We had a water damage (kitchen faucet leak) in my rental and opened a claim under my landlord policy. Tenants also opened a claim with their renter's policy. Tenants are currently staying in a hotel while the ...
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Hello all, as we near 100% occupancy (YAY!), we are hoping to see some regular income from the fruits of our labor! Currently the management company is collecting rents, building an emergency expense fund, paying them...
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I know the importance of adding expenses when analyzing properties. My friend who is a real estate agent just started investing in rentals and said that she does not include expenses like property management and cap e...
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Florida - Condo - 2 bed / 2 bath - $79,000
HOA $260 per month (im aware HOA dont normally make good deals)
Taxes $780 (will jump up to 900 after sale most likely - not currently homesteaded)
Current tenant just sig...
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Hello all, I am looking at a 13 unit park to invest some of my self directed 401 in. It looks like a decent deal, but I am wondering what you would recommend for an offer and how to best finance to maximize return...
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This is a follow up to Brandon's webinar yesterday...How does house hacking affect your 2/3/4 unit analysis? My goal is to live in the property and have the other units pay for most of the expenses. I have been basing...
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Hello,I currently have a 4plex in which I pay all heating and cooling costs, running about $300-350/mo by itself (two furnaces and two ACs). I'm thinking about converting to electric baseboard heaters and window ACs t...