Kyle Lewis
Deal Analysis: 12-Unit Apartment Building - Current vs. Rehab
I'm an investor from California looking at a 12-unit property in the midwest. Below is my analysis of the deal and I'd love your feedback!The building is in good condition overall. Units are all 1 BR 1 BA and very dat...
Andrew Michaud
3 unit for 60k. 7k annual profit. Worthwhile investment?
I am looking into purchasing a 3 unit building in a great location in Northern Maine. I am looking for some opinions on this deal.3 unit building, all great tenants and fully occupied. 60k purchase price, 79k tax valu...
Nathan Barshinger
Looking to move states in 5-6 years. Out of state investing?
Hi everyone, I'm looking to move from Pennsylvannia to South Carolina in 5-6 years and I really want to start real estate investing before then. Should I wait until I move or should I start now? When I do move how do ...
Patrick Dundon
Claiming Taxes and expenses with a business partner
Hi All!,My business partner (friend) and I have closed on three properties this year. We are simply 50/50 owners of each property and do not have an LLC. My question is when we claim expenses for the properties will ...
Albert Lubin
What's a true OPEX ratio for a 10 to 15 units property?
Hi, I am a new investor and I'm contemplating buying a commercial property to hold. I've been using the general "50% of EGI" rule to analyze properties but I am curious what a "true" range is. I do have some questions...
Mike Wilson
Mileage expense - can I expense during rehab?
I know that as a landlord manager of my properties I can deduct at a rate of $0.56/mile the cost to drive to my rentals as long as I keep good records and for certain approved activities such as collecting rent; going...
Charlotte Dunford
Syndicator's acquisition fee tax deductions
Can you deduct operating expenses from acquisition fee received? Let's say you received $30,000 in acquisition fees, the first year operating expenses of the property is $45,000. Can you deduct all of that? Or do you ...
Dan Brainard
Estimating CapEx and Maintenance/Repairs in Tampa, FL and beyond
First time landlord to be. I'm looking to forecast and budget for 1) capital expenses relating to big ticket items (roof, hvac, appliances, unforeseen etc.) and 2) ongoing repair and maintenance costs. I've searched t...
Adam Juodis
What % of rent is a safe estimate for Vacancy/Capex/MGMT/repairs?
I was wondering, when analyzing a potential property to purchase, what % of rents do you account for to be vacancy, capital expenditures, property management, and repairs? I am starting to practice analyzing deals and...
Justin Mavromatis
Accounting software for small short term rentals?
Hi Everyone, I am currently on my first short term rental/ investment property. My wife and I are doing our own renovations. I am looking for an accounting software to help me track my expenses. Home Depot, hardware s...