Nick B.
Underwriting apartment expenses - small properties vs. big ones
Hello BP!Are expenses per unit significantly different in small apartments (10-50 units) versus large ones (100+ units)?I came across a couple of listings for small apartments (16 and 36 units), where stated actual ex...
Ying Wang
How do you start investing when living in an expensive area
Hello everyone, I just started looking into properties that I could invest to achieve the 1% cash flow. I live in northern NJ which is close to the NYC. The typical 3b single family is above 500 k, but rent is around ...
Mitchell Hamilton
Am I overstating my expenses in my rental property analysis?
As a new real estate investor, I've been leveraging the BP rental property calculator to analyze deals and I keep running into the same issue... the results of the calculator are highly unfavorable with every property...
Joseph M.
Cash basis vs accrual basis at tax time
I currently own a rental property in my name and was paid in advance for rent. I asked my accountant if we could account for it on an accrual basis and he told me that I wouldn't be able to. Can anyone provide some in...
Dani Beit-Or
What do you think of this subject-to deal in Metro Houston?
Subject-to deal: Cash required: $35k + 295k existing mortgage + 5k in misc = $335k for a 350k 2021 house.Pros202135k needed3% int. rateGood schoolsGood location CONS$145/m in HOACashflow is tightMortgage InfoLast Reco...
Joseph Scorese
How will Rent Control Impact the Real Estate Investor
Rent control can have significant implications for real estate investors, both positive and negative, depending on the specifics of the rent control laws and the investor's strategy. Here’s a detailed breakdown of how...
Ryan Keenan
Claiming improvements on your taxes
hello BP, question about doing my taxes this year.. I bought a duplex and took out a 20,000 loan to fix it up.. I would like to buy another property this year and need every penny of income to help show the bank to qu...
Tzook Bar Noy
1-2% rule, got 1.23% but it still looks like a bad deal
I have a deal that on the bottom line will cost: 85Krent is 1050$ monthly,a year = 12600and expenses:- manegement - 10% rent = 1260- insurance = 800- tax = 1300- fixes 10% = 1260- vacancy 10% = 1260total income = 1260...
Lance Chappelle
First Time NJ Beach Vacation Rental Buyer
My wife and I are looking to purchase a beach house on Long Beach Island New Jersey in the foreseeable future. Long Beach Island has been a vacation spot of ours most of our lives, and we want to be able to own a hou...
Rob Saxelby
Exisiting Tenants - What Can I Ask
Hi everyone,I'm hoping to purchase my first investment property next year, specifically a multi-family home. I've been looking in different areas of the country. Sometimes the properties have existing tenants. I'm int...