Scott Shimala
Using the 50% rule. How often is this an overestimation? Under!
In the Ultimate Beginner’s Guide, they talk about the 50% rule. Half of all expenses come from mortgage and you should budget the same amount for repairs, maintenance, taxes, etc. I have not bought my first property y...
Madhav Chhura
First time Investing in Inland Empire Area - Need help evaluating
Hi Bigger Pocket Folks!!
I am new to real estate investment. I have been educating myself on how to evaluate properties and invest in rental properties by reading books, listening to the podcasts and following the...
Edward Dones
Almost closing seeing if it's a good deal
hey BP family have a question on a 2 family house I'm planing to purchase and hack In the Springfield ma area. The property is listed for $149,900 and I believe I will get it for $138k, if I do the PITI will be $1127....
Kathleen Heine
Deciding on an Offer for an Apartment Complex HELP!
Hello,I'm hoping someone can help me a bit. I've been working a lead for over a year now and I finally have a little traction. I'm trying to analyze a small apartment complex that is mom and pop owned. 18 units 9 1 be...
Jason Malabute
USE BOTH UNITS IN ANALYSIS BUT ACTUALLY LIVING IN ONE
I heard Brandon say that when dealing with an owner occupied duplex you should analyze it as if you renting out both units even if you're actually living in one of the units. The idea of thought behind this is that yo...
Azin Eftekhari
Depreciation not enough to offset taxes
Hi,
If the yearly depreciation is less than the Income minus all other expenses, do we need to start paying taxes on the left over income?
example :
Net Income : Rent - (mortgage+insurance+tax+expenses) = $7,500 ...
Jason Malabute
monthly expenses in NoHo, Northridge, Glendale, Tujunga, ETC
Hi All,I was wondering if in sub-markets in Los Angeles like (Eagle Rock, Glendale, North Hollywood, Hollywood, La Crecenta, and surrounding areas) do the tenants typically pay for their own utilities, sewer, garbage,...
John Lee
Accounting question for personal loan with title in LLC
Hi guys,I know there are tons of discussion regarding getting a loan under your name and putting the title in your LLC.May be I am not looking hard enough but I can't seem to find how to do accounting in this situatio...
Stephen Shelton
With rent, what gets taxed?
I have a question on what gets taxed when it comes to rental income. Of course there are loads of other factors but I'm looking for general answers for someone living in the US without state income taxes.For example,...
Jamie Gruber
Need help analyzing multi family deal
I own two duplexes and a single family but am looking at an off market 8 unit and analyzing multi family is a bit new. Any advice would be more than welcome.
This is just an initial analysis. I’ve seen the property,...