James Merritt
Managing finances for multiple STRs (how to run a business?)
Right now were 3 STRs and looking to getting more. This is what I'm wondering. Right now each property has a bank account set up for it where the mortgage comes out of. 2 of the three have the utilities and expenses c...
Frank M.
Expenses before "in-service" date?
I bought my fixer-upper last March, and it took until November before it was ready to show, i.e. place "in service."I asked prior, if the insurance had to be capitalized or if it was an expense, and @StevenHamiltonII ...
Ray Widdison
My property taxes in SC are going from $2,680 to $8,680
I'm in the USAF and purchased a home while stationed in SC in 2013. We moved to OK in 2017 and decided to rent out the home instead of selling it, because we may move back in a few years. Earlier this year I receive...
Igor Tomic
50% rule and utilities
Can someone please tell me do utilities go in 50%?Example if someone is renting duplex for 800 inclusive each unit, so do I count my monthly cash flow 1600/2 minus mortgage or do you count after you pay utilities. Let...
Dylan Favazza
Tracking Vacancy Rates - what is the true cost?
Hello BP!
I'm new at investing as of this year and need some advice on how to track vacancy expenses. I'd like to look back on my first year and see what I spent on turnovers & vacancies....but so much goes into ...
Kyle Galloway
70% Rule-Please explain?
I understand the math to the 70% rule in house flipping. (Conservative Market value after repairs X.70 - repairs). What I don't understand is where this 30% magically disappears to. I know that there will be closing c...
Brandon Rauscher
How are investors making it work?
I have been trying to get into multi unit rental properties the last few months. I have gone over deal after deal, running numbers and every deal is loosing money on a monthly basis. Each one of these properties comes...
Julio Gonzalez
Incentives for Cost Segregation Studies
Did you know that the tax code offers many incentives for real estate property owners that have a cost segregation study performed, thus allocating costs to 1245 property?
A Cost Segregation study is an IRS approved ...
David Robertson
To leverage or not to leverage that is the question....
Background: I am currently looking at purchasing a house listed at around $14,000 to flip as my first real estate investment. I have ran the numbers and think the house needs around $11,000 (with a 10% contingency) i...
Cassidy Adams
Buying a group of four duplexes all fully rented.
Hi there,
I have found a group of four duplexes, all are fully rented with month to month leases, that I am interested in buying. It will be my second investment package as I already own an SFR and am trying to buil...