Jonathan Perez
Down payment assistance? are the restrictions WORTH it?
So, I started this down payment assistance program course thing. I'm eligible and it allows me to buy a duplex and lets me rent the other side out while I live in one of the units. Of course, it requires that I occupy...
Tony Matthews
Too much in reserves?
My initial plan is to have at least 6 months of PITI in reserves as part of my initial expense for a newly acquired property. On top of that, my monthly capex expense and vacancy expense will be added to these reserve...
Account Closed
Negotiating a 5 unit building
The seller is asking for 800k on a 5 unit building. - 2br 1bath 1300- 1br 1bath 1250- 1 efficiency 950Rents are low. In a great neighborhoodAt 800k the property doesn’t cash flow. What is a good price number to make t...
Guy Brown
Schedule E and Multiple Properties
I have 9 rental homes which I have been entering seperately on parts A,B & C of three different pages of Schedule E on my Income Taxes. Expenses which are exclusive to a particular house are listed for that house...
Reggie Maggard
four-plex....good deal?
Heres the deal...4 plex, rents or 1740/mExpenses are 40 for electric, 35 for trash, mowing/snow- 150 for a total of 225PITI - 850Vacancy/PM/Capex/Maintenance-556total expense =1631this seems to be one of the better de...
Spencer Herrick
Escrowed Taxes as Expenses on Rental properties
I'm curious to know and understand whether or not you should still consider Total property tax and Mortgage payment as separate expenses on the "4 square method".... in the case that you are having those taxes escrowe...
John Ma
Creating LLC without putting any properties in it
Hey guys, I like to think I'm real creative but as always, someone has probably alraedy thought of it. I'd like to see if anyone else is doing or isn't doing what I think is a viable idea.I have some rental propertie...
Jonathan Farber
To show rental profits on taxes or not?
Do most landlords show losses on their rentals? Reason asking I am looking for another loan, and while the rental losses I showed in 2017 are minor, they are hurting my lending ability. Granted, it was nice to recei...
Eric Chappell
Has anyone use Rental Hero for bookkeeping?
I have been trying to research the least expensive way to keep my records until I build my real estate rentals more. I tried to set up quickbooks online, but without paying $720 a year for the ability to do class tra...
John Barnes
Florida Apartment Heater Options
Hi All, hope someone has advice.We have a 3 unit, concrete block property in FL. Program we rent through (similar to sec 8) said all units have to have heaters.To give you an idea of how important heaters are, I ran m...