Hey y'all! I am looking at a PNL report for an apartment complex, and I am confused about a couple things. These might seem like dumb questions, but hey, I'm brand new to this! 1. What is the depreciation expense?...
I've found a 4 plex that has piqued my interest. It's recently remodeled and vacant, but ready for renters. It has one 2/2, two 2/1s, and one 1/1. I've run analysis conservatively and it seems it will cash flow fairly...
Hey folks, I'm in South Florida, so dealing with pretty crazy insurance costs in general, and thinking of branching into other states. What are your top 3 markets when considering all of the following factors? 1.Low P...
When analyzing a deal, should one factor in future appreciation, annual mortgage reduction, and tax savings from depreciation (offsetting other passive investment income) when calculating ROI? I am looking at a prop...
https://www.azcentral.com/story/news/local/arizona-health/2020/03/30/arizona-coronavirus-stay-home-order-issued-gov-doug-ducey/5088109002/"Gov. Doug Ducey on Monday issued a statewide "stay-at-home" order to stop the ...
Hi BP Calgary and Edmonton members,I am a new member and really curious to learn some real life examples that people successfully pull this off. It would be great if some real numbers are shared. Will the property ap...
Hey Everyone,I will be closing my deal Feb 28. I'll be occupied one unit (vacant)and there are 2 tenants in the other unit. They are currently on a month to month lease agreement from current landlord. In the lease ag...
Hi,I recently purchased a 2 family home in Bloomfield, NJ. There is a finished third floor that is not a legal unit. To avoid any trouble with the town, I do not want to rent it out as a long term rental, and I am co...
I bought this triplex in July 2019 to house hack. I have done rehab to the inside and I'm living in one of the units. I also got the trees off the house. This property is across the street from a college and near rest...
I am trying to make my capex spending plan so I can effectively evaluate potential rental properties. So my question is am I over or under estimating capex.Below is a picture of my excel spreadsheet for capex Thanks f...