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,...
I have read many articles about the taxing of your property, depreciation etc.One thing that is lacking everywhere is when you sale your home does the IRS include your rehab cost in the calculations?For example:I boug...
I have an opportunity to obtain an 8 unit building where the owner is willing to finance. The building is currently 100% occupied. Here are the numbers:
Purchase Price: 249,900 financed @7% I/O for 30yr term
Gross...
Hello all, I'm looking at 3 Duplex properties and running the numbers using the Biggerpockets rental calculator.
The rent from unit 1 doesn't cashflow by itself after running the numbers. But if I add the rent from u...
One of my tenants is going to do the yard work/maintenance regularly. Is it better to take $100/month off his rent (make less income) or pay him $100/month (have more expenses)? In Hawaii, we pay 4% general excise tax...
So admittedly I have some flexibility with how I file taxes since my income comes from my sole proprietorship (music teaching). I'm planning on stating around $25,000 in income this year (a lot for me) in order to hel...
I'm a Rookie investor and i was wondering what would be the other expenses when buying properties on top of the mortgage payments? for example water
Hi,
I am looking at a four unit property which was built in 1926. The owner furnished the following:
Sell price 130,000
Rent- 23640
Operating Expense- 11315 - (Gas 3852, electric - 4260 Tax and Insurance 3200)
Net ...
Hey BP so I just got my RE license in gainesville, fl and I have someone who wants me to manage her property. I've managed my own for 3 years now with no major mishaps or anything but someone else's property will be a...
Hi everybody! New member and first time posting here. I’m looking to get started in real estate. I am particularly interested in rentals for their long term stability and wholesaling for raising cash. Raising cash is ...