Raymond Ali
How should I invest in this commercial property?
I am a newbie investor and I need help, I don't want my 1st deal to be a nightmare. I'm looking at purchasing a 12 unit multi-family senior living facility. This business is already fully staffed and up and running Bu...
Sam Rogers
Insurance settlement taxable?
I have a friend that recently received an insurance settlement that far exceeds the cost to repair the damage from a small fire at one of their rental properties. They made the repairs and now are left with a hefty wi...
Jeff B.
HOA/COA Move in fee or Security Deposit. Opinion Poll
Hi all,I live in South Florida where Home Owners Associations and Condo Owners Associations are dominant. I'm trying to get an unbiased opinion on Association Move In Fees (Non-Refundable) vs. Security Deposits (Refu...
Erik B.
What Did You Do To Reduce Your Water Bill For Your Multifamily
Hi All,
I'm curious to know what strategies all of you more experience landlords have used to reduce your water bill? I heard submetering, tankless water heaters, drought-tolerant landscaping, etc. Not sure where ...
Dan Shelhamer
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.I am looking for some insight on this deal. A couple things that I have questions on:I p...
Corey M.
Cash out refi from primary residence - tax deduction?
If I take equity out of my primary residence by doing a cash out refi, and that equity is used to buy a rental property, is the mortgage interest deductible? Everything I've looked at seems to point to it only being a...
Michael Slockers
How to financially account for a lost security deposit
Hello all:When a security deposit is received on a new long-term rental lease, I categorize that in my accounting system as "deposit", separate from rent. It isn't income, doesn't show as a gain, etc. When that same t...
Robert Wood
The benefits of having a mortgage on a investment property
My question is Bp teaches you to use bank’s money. One of the purposes is to get tax breaks but don’t you still have to claim the profit of the cash flow you do get after your mortgage and bills are paid
Lucy Bennet
Tax Reporting Question
I'm trying to save on taxes but wondering if this method is correct. Can someone help?I have rehabbed and sold House A in April 2020 and House B in May 2020. I have purchased 2 more houses (House C and House D). Have ...
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What to do with Operating Expense Reserves
Like a lot of newbies here, I was surprised to find that operating expenses run about 50% of your rent collections. My question is, what do you do with all that money. Obviosuly you are not spending hundreds of dolla...