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When looking at expenses related to a property (vacancy, HOA, utilities, PM, repairs etc), how is that set up within a bank account? Do you lump them into one account and then dip into it when a vacancy or other expe...
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I could have 6K a month cash flow after expenses from four rentals if I paid them all off. I can pay them all off and have enough to buy a small house outside the area to live in or buy an RV and travel the country. I...
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My question is Bp teaches you to use bank’s money. One of the purposes is to get tax breaks but don’t you still have to claim the profit of the cash flow you do get after your mortgage and bills are paid
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I had coffee recently with a retired real estate investor of 40 years. We talked about real estate cycles, flipping properties, the meltdown of 2008, and other things. He started telling me about some of his rehab hou...
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Hey everyone,
I just recently purchased my first house and I will close in about a month. The house is a 4bed 2 1/2 bath. Me and 3 other friends will be moving into the house.
Now my questions is, the rent that my ...
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It’s not easy trying to manage all of the expenses that are come with starting up in the real estate business. You have education, training,hotels, travel, business cards, marketing campaigns, websites, a...
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first I'll admit I have a sick obsession with doing and understanding my own taxes. I'm trying to plan a couple of situations and I'm hoping the experts can chime in.1. What are the tax advantages of paying all closi...
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Properties generated $110K last year, I stopped at $120K losses before even going into expenses. I don't want to dig through expenses and itemize all that crap since I'm already at no income. So do I even need to file...
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Im almost done with college and looking for my first property. I have been fortunate in the fact I have no student debt and have saved enough for a down payment. My parents have a few rentals and I have seen their suc...
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