Michael Ruvido
Expense or Capital Improvement?
Hi All -I have what I hope is a quick question for the tax professionals out there. The master bath in one of our rentals only has a jacuzzi tub, no shower head at all (weird, I know!). We're going to tear out the d...
Anthony Bauman
Multifamily income vs. expenses
Hi!I'm 19 and new to real estate. I was thinking about investing in a multifamily house in New Jersey or Chicago but I found myself with a few questions and I was wondering if anyone could help me :)I was looking for ...
Cory Brown
Quick question regarding expenses
Thanks in advance for any opinions.I'm practicing analyzing deals. A pro forma from a turnkey company has cashflow on a property listed as 220/month, and the bigger pockets forum has it listed at 130. The difference...
Benjamin Barredo
Rental Property Expenses for Analysis
hello everyone.I'm currently doing my homework and analyzing 1 deal a day for potential rental properties. I think I found a great foreclosure in South Knoxville but I want to make my analysis as accurate as possible....
John Clark
Sewer liner - depreciation or expense ??
Hello everyone,For starters I already know that I need to talk with my CPA. But he's on vacation for the week and I'm curious.I have a rental that has been having issues with clogged main sewer line. So I send someone...
Glenn Paulson
Condo Investing-Expense/Capex Planning
When investing in Condos, would you scale back Maintenance and or Capex percentages on a Buy & Hold rental due to roofs, foundation, outside expenses included in HOA fees?ThanksGlenn
Eric Schrader
Self management fees, expenses, etc
Hi all.I self manage an apartment, the other half of my duplex. I repaired the bath, in the rental earlier this year. I get keeping track of the material costs, etc, for tax purposes, but what about my labor costs. ...
Simon C.
Using Income and Expense Report
Hi Everyone!What are your experience with the different types of income and expense report published by NAA, ALN, IREM? Does anyone use the submarket data to analyze your deals? I was always told use OE is roughly 50%...
Aaron Farr
Tracking Expenses on Multiple Projects
For those who have 5+ flip projects going on at one time how do you track all of your expenses and stay organized? Is there an app out there that I can quickly scan a receipt into an accounting system and have the ab...
Daniel Urban
How do you calculate expenses?
Hey everyone one BP!So I am interesting in buy and hold real estate investing. In my area, Corpus Christi, TX, I am running into the issue of not coming up with enough cash flow for the units(SFR, Duplexes, Triplex). ...