Steven Barr
Is this loan too expensive?
I just purchased an investment property for $91,250 with 20% down on a FNMA backed loan at 7.625% interest and was charged the following:3.909% loan origination: $2,854Appraisal management fee: $85Processing Fees: $80...
Stephan Mayer
Management Fees on utility expenses?
Recently my property management has started to collect utility expenses for me on a triplex that does not have separate electricity and water meters. That‘s good. However, to my surprise, they are now charging managem...
Jonathan Ruths
Reserves and Expenses for STRs
Does anyone find that STRs have higher need for repairs than long term rentals? When analyzing, what percentage of gross income do you set aside for cap ex and maintenance?
Ted Sung
California LLC setup for expenses?
Hi All,
I've been pondering about this so I thought I query the forum.
I'm a newbie investor and so far I have not purchased a property yet. However, I've been looking, researching, etc.
I'm wondering if it's feasi...
Michael Modesto
Deducting Travel Expenses from Taxes
Hello BP community!I live in California and plan to invest out of state. To get started, I am planning to visit 2-3 cities for a day or two to learn more about the areas and view properties.My question is, since I'm ...
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 ...
Austin Underwood
Utility Expenses when Analyzing Properties
Hey all,I am a newbie. I have not yet invested in real estate though I am a graduate student and will be graduating next May and hope to jump into it as soon as I know where I will be living (due to my full time job ...
Blake Wood
First Rental in Expensive Market
Hello BiggerPockets,Would love to hear some opinions/feedback on what course to choose as I try to tackle my first rental property. I am an agent in San Diego and work with some of the top flippers in the area (If yo...
John B.
35% Operating expenses for Apartment?
Looking for an apartment around 10 units in the South Georgia area. Expenses seem to run 27% without mgmt and 37% with 10% mgmt for C class building. Do these numbers sound right? Currently owned/managed by a local co...
Mike Montanye
Business Expense for REI Meetups
We are new investors and just established an LLC for our new rental property business. I’m just wondering if I would be able to write off events like BPCON or any training or memberships that have to do with Real Esta...