David Smith
Rehab cost --> tax deduction + loss
How to calculate rehab cost and report it?Say, you bought a property for $100K and rehab costs $50K, no income. can you report loss of -$50K ? plus deductions from tax, utilities?
Jeffrey M.
Overdue property taxes on SFR
Hi folks, newbie here so apologies is this is in the dumb question category. :)I'm looking at an interesting SFR here in Spokane as a potential second home as a REI property. I have been doing some research about the ...
Bradley Jernigan
Key exterior elements to improve curb appeal and property value
From my experience, I have learned repainting a building can immediately upgrade the exterior of a building. Also addressing exterior elements such as as siding, windows, doors and landscaping can all improve the curb...
Kyle J.
How do you create a Facebook business page?
Does anyone know how to create a Facebook business page when you do NOT have a personal profile? I am reading conflicting information on whether this can even be done. I don't have a personal Facebook profile, nor d...
Jeff Wang
Depreciation
Hello,
I have become an accidental landlord for the last 2 years. I rented out my house and I don't think I took depreciation correctly. I was using HR Block basic, which didn't help very much in terms of that. Que...
Damon D.
Operating Expense Ratio - How to correctly calculate?
When calculating the operating expense ratio for a property, do you leave the vacancy & credit loss allowances as part of the income when you calculate the ER, or do you first back out the vacancy & credit los...
Marcos Urvina
What is the cost for an architect or structural engineer in LA
Hello all, My name is Marcos Urvina, i live in Los Angeles Ca south bay area. I want to take advantage of the new rules and regulations passed to make it easier for homeowners to build an Adu in there house lot. I pla...
Kimberly H.
Debt coverage ration (DCR), tax returns, and commerical loans
I understand that DCRs need to be 1.25 and above for commercial loans, but what source do lenders use to compute those numbers? Tax returns? Just most recent or 2 years worth? Do they ignore depreciation as it appears...
Nicholas Anderson
Spreadsheet Accounting and Going Through Audits?
Hello BP,So I'm a few flips into a business endeavor here and have come to the point where it is really time to get organized. One of the issues I'm having trouble with is the accounting aspect. All of the accountin...
Brian Antonucci
Move Out Letter to tenants
Hello guys!!! I have my first tenant moving out at the end of the month. Is there a letter or cleaning list you send to the tenant addressing what would need done before they leave? Thanks again!!!!