Is it worth it to invest in an expensive city? Im looking to house hack in Jersey City.
The BP calculator shows PMI as an operating expense, but had seen somewhere else stating it would not be classified as an operating expense since related to the financing. Anyone?Thanks
Just bought a property that requires flood insurance. Called my insurance broker and was shocked by the cost. Any suggestions. Florida
Hey guys. I’m in Brooklyn NY where houses here are super expensive. Most are multi-families that are valued at 800k even a million. So im thinking of marketing for single families in queens where prices are 500k -600...
Hi guys, so I’m fully renting out my first multi family property and now I’m living in my second multi family property (house hacking). I have separate checking and saving from my personal life which comes from 9-5 da...
Hello BP!I am planning on making my first offer for a duplex which I will house hack, and am curious to hear from your experience who usually pays the following expenses (landlord or tenant). I am running my numbers, ...
I don’t have any rental properties as of yet. I have a question regarding rental expenses, such as Cap Ex, repairs, vacancies, etc. Do you have separate bank accounts? One account with separations on a spread sheet? T...
I am wondering how I can account for cash expenses. I have a rental property that I did not have time to paint so I paid a friend cash to paint the rooms over the coarse of a few days. I am wondering how can I track t...
Hi All,
This is my first post and look forward to being a part of this community.
My question is about what to do with a decent lump sum in an expensive market. I live in Seattle and am a licensed agent/property m...
So I'm in the process of having a bunch of concrete repaired and some of it replaced. It doesn't add value and is just fixing/replacing cracked spots in an existing retaining wall and some stairs, so I guess I'm tryin...