Hey BP friends,I'm putting together an excel sheet to calculate potential rental property deals and wanted to ask for some insight/criticism/refining regarding my monthly expenses.So far I have the following:Mortgage:...
Does anybody invest in residential houses in the $500k to $1.5 million ARV range?Just wonder what the pros and cons are?
When you are finding your monthly net cash flow, are property management, maintenance, utilities, capex, etc percentages of gross rent, or percentages of your gross cash flow (net rent - PITI)? I usually say 8% for pm...
Hi All!
Im in the process of converting my garage to an ADU that'll be fully rented within the next few months. For tax purposes, all the expenses I'm incurring are deductible right? can I put them on my schedule E f...
As I attempt to buy my first duplex/triplex/quadplex, and seeing as I currently have no frame of reference, I'm having a difficult time knowing if my expense estimates are accurate. I'm currently looking at a place th...
Hey BP Fam. This is my first year as a landlord. I have grown to having three single family properties and one duplex. As I have grown, I have learned (continually learning) more on how to structure my finances to ens...
What's an average expense ratio for a hotel? Just a rough, ballpark, rule of thumb idea. Say it's 70's built and in a B-ish area.
Hey guys! Can someone provide a breakdown off all the expenses involved with managing a rental property. I understand the basic expenses such as PITI. However, I'm struggling when accounting for maintenance costs and ...
Hi all,I'm analyzing small multifamily properties in the Orono/Old Town Maine markets. Does anyone know a good resource for a reliable estimate of water/sewer/heat in this area? This varies on square footage obviously...
I am calculating if a quadplex property would be a good deal for househacking. For the monthly vacancy, repair, and CapEx costs, do you do a certain percentage of the total income if you are living there (3 rents) or ...