Scott R.
Passive income negative, do I even bother rental income taxes?
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...
Max Caprez
Looking for my first property
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...
Kevin Sobilo
Profit First With BRRRR
I just started reading "Profit First" by Mike Michalowicz. It looks to be a simplified method of cash management. Does anyone here use this with their BRRRR deals? If so can you share your experience with it?It is eas...
Jacob Straley
Commercial Lease Agreement
A forum Search only revealed a few threads that didn’t answer my question. I know there are many commercial investors in the BP community. I have a really exciting new mixed use property under contract in Michigan tha...
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paying cash for fixeruppers
does anyone here who has the means pay cash for your propertys? I am looking for my 3rd house I lived in the 1st and am living in the 2nd I will use a mortgage for all 3 but hope to have the means to pay cash for prop...
Richard McRae
Biggest Underwriting Mistakes Incurred by Novice Investors
I see many properties advertised these days with unrealistically low expense ratios. Inexperienced investors that are excited to make that first acquisition need to be aware of and understand how to accurately evalua...
Tami R.
Rental Calculation #'s take a look
So I am looking at this commercial bldg. $225k. Doesn't need anything. Client pays all expense - just signed a lease for another 5 years at $3k per month. I am not familiar with the calculators but just put #'s in...
Matthew Metros
50% Rule: Does this apply to Small MF (2-4 Units)
I am underwriting a deal and the marketing package has unrealistically low expenses. As a rule of thumb, I applied the 50% rule to meet reasonable
I was told by another investor that small MF doesn’t have 50% expens...
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Beginner question! Need expert advice
Lately I was introduced to a quick way of analyzing property. Say your gunning for strictly 7% cap, the formula would be.
VALUE=NET REVENUE/0.07
My question is in, When calculating net revenue, what do you substract...
Justin Hertzog
Using Your Cashflow to Live
Since I've started investing in properties I have never used the cashflow to pay myself for anything. This is mainly since investing isn't my full time job and I don't need that income to survive. I would just let t...