Two questions on this:1. On line items below the $2500 threshold for an expense. I paid 2/3 of a renovation during the 2019 tax year with the remainder due here in 2020. Do I just use an excel sheet to take 2/3 of e...
When you start purchasing short term rentals is there a certain amount of bank accounts that you have for your monthly expenses associated with the property? And if so what type of bank accounts should you have for th...
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 ...
say they are offering 4 points with 12% interest on a hard money loan and they are offering 70% of arv.this SFR is worth 300k ARV. Im purchasing it for 170k. Now how do the costs lay out? i pay those 4 points...
Hi All- was wondering if anyone could shed some insight on expense projections for short term rentals. There is a lot of info about long term projections/budgeting but have not found as much on short term except for ...
I'm currently reading the BP book about rental properties and learning how to estimate all the costs for owning a property. It's a little overwhelming trying to learn all of this information. Anybody have any advice o...
I am on the verge of my first real estate deal. I am buying a duplex and plan to live in one rent the other etc... My question is that I found two that I like, both need a similar amount of work (mostly cosmetic). Bot...
Quick question for the experts. I am planning to purchase a fix and flip property and I always buy a couple of new tools in the process. Mainly because I have a tool buying problem...anyway. my question is if I had to...
I want to remove a tree that is hanging over a rental property to prevent any future damage. Can I expense this cost as routine maintenance or is the cost capitalized?
I'm new to STR investing and could use a "gut check" on my estimated expenses. My plan is to purchase a townhouse or SFH in the Lake Buena Vista (LBV) area and rent it through AirBnB for positive cash flow most of the...