Justin S.
Retire on cash flow or cash out refi every 5-7yrs
I’ve talked to a few people with different takes one this question. If I’m looking to retire on my rental income, should I try to pay off properties ASAP and live off of cash flow or not worry about paying them off a...
Michael Biener
accounting for newbie with owner occupied multifamily
Hi all, i have been lurking around bigger pockets for the last 6 months or so. This site is very helpful, especially for wishful newbies like myself. I finally closed on my first investment property a few weeks ago. ...
Matthew Roberts
Expenses for Multi-Family Properties
Is there a resource on BP with a list of all the expenses a multi-family owner can expect? Taxes, all the different insurance types, maintenance, etc... I have what I think to be at least 95% of the expenses covered, ...
Sam Rush
Filing Taxes With An Escrow In Play
Hello BiggerPockets!!! I'm newer to the real estate investing game and seeking out some additional advice about taxes. I recently bought a fourplex that I'm holding (I'm even starting to look into another acquisitio...
Austin L.
Seller backing out of contract?
Hello everyone,
A family friend wanted to sell one of his houses. We did a off market deal with no realtors. We agreed on a purchase price of 240,000. I found a simple online purchase agreement saying he will sel...
James Palassis
Deducting Expenses Before First Purchase
I am planning on purchasing my first rental property within the next 6-8 months. Right now I am leaning on purchasing in my name without going the LLC route at this time. My question is... since I will incur expenses ...
Omer Sultan
Estimating Expenses When Analyzing Potential Rental Property
Hello BiggerPockets Community!
I'm an aspiring real estate investor, and I'm looking for some insight into how I can properly estimate expenses when analyzing a potential rental property. I understand that certain pr...
Dave S.
Reimbursement from Tenants for utilities
So here is the scenario....Utility bill comes to my address (these specific utilities are in my name), I pay for them so that they are on time with no late fee. The next month the tenants reimburses me. Wouldn't the r...
Justin Gomberg
Financing A Capital Expenditure (Bookkeeping Question)
Hello everyone, What is the proper way to log this transaction? I am using TenantCloud to log income and expenses for my properties. TenantCloud does not link directly to my bank account like QuickBooks. I had excava...
Kevin Velarde
Can i write off paying tenant water and power in Los Angles Cal
I pay my tenants utilities on one of my duplexs. Can i write this off as a business expense at the end of the year?