Jane A.
Rental expenses at Tax Return
There is an official guidelines that yearly repairs and improvements expenses for a rental property should be below 2% of the purchasing price. For example for 100K Douplex we will spend no more than $2000 during the ...
Terry Matula
First time investor - Owner/Occupant and Landlord - thoughts?
I'm looking at a 4-plex in Austin that's under HomePath FirstLook, and I would OO for a year. It's listed at $156K, two 2/1.5 and two 1/1.5 units... one 1/1.5 is rented now at $550, the 2 br could go for $650 as is. ...
Adam Allard
Why is CapEx not a part of operating expenses?
I'm reading an article, Top 21 Real Estate Investing Terms and Returns with Formulas, on some basic terminology. The author goes over what operating expenses are and lists examples, and everything seems normal expect ...
Warren Johnson
Beach condo investing
Help me with my first purchase. This is where I feel comfortable is purchasing a condo on the beach as an investment and something to enjoy. Let me know what you think I should do. It has been on the market for 6 w...
Sarah Jones
Questions for Flippers
If i buy a house and want to cashout refi one year later, what kind of things can I rehab to make it worth 100k more?
- laminate flooring?
- new roof?
- remodel bathroom?
my rehab doesn't cost $100k to do only abou...
Julia Oh
Build costs with a 1031
I am thinking of selling a property that has no mortgage for $200k. Approx $150k of this would be LTCG and recaptured depreciation. I am also looking to buy a property that is a tear down. Purchase price is $75k. My u...
David Pham
Journal Entries for Property Purchase and Rennovation
Hello,I'm hoping a CPA/Accountant might be able to point me to the right direction on this issue related to journal entries. I'm stuck with how to classified the renovation that I did for the property in my book. Here...
Patrick Philip
Anyone here ever flipped commercial?
I imagine the deals are harder to find than residential?How did it go?
Leah Hagans
1031 mixed use swap help
Sold a ranch (relinquished property) which was mixed-use (primary & business). We are trying to find information on how to identify if a replacement property will quality as a mixed use 1031. An example would be a...
Stephen Burke
Creative financing for triplex from my parents in Texas
My parents own a triplex here in Texas worth about 120k, it needs some capex and rent hikes. Conservatively, rent with little improvements and repairs will be 2200$ in this market and higher with upgrades. I am in th...