![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/170328/small_1695097129-avatar-caliskier.jpg?twic=v1/output=image&v=2)
I bought my first rental property last year and I am trying to write off as much of the expenditures as I can. We had a lot of expenses going in, closing costs, repairs, and improvements. Our total expenses outside ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/556835/small_1625195349-avatar-brandonh73.jpg?twic=v1/output=image&v=2)
I've asked a similar question before but need further direction. In years past, I gave descriptions of expenses to my accountant and they figured it out for me. This past year, they charged me for the categorization...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/770859/small_1673403586-avatar-juliocordero.jpg?twic=v1/output=image&v=2)
I’m trying to understand cap rates in multifamily real estate, and I don’t mean getting the resulting number of dividing the NOI by the value of the asset.What expenses should be included in the NOI formula? I typical...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/254405/small_1621436511-avatar-danielp4.jpg?twic=v1/output=image&v=2)
Do you base the cap rate on what you purchased property for: Or, is cap rate based on current market value of home?Also: is capital costs included in cap rateMy example:1. I purchased property for 25 k ( 10 yr ago)2 ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/56917/small_1621412427-avatar-jaham.jpg?twic=v1/output=image&v=2)
So, i'm scouring Loopnet for commercial multi-family opportunities. I've noticed that many of the properties that list brief financials on loopnet have terrible overhead/operating expense ratios.
For example a huge 2...
I’m purchasing a small property (50’x150’)
And want to build a “duplex” without having to rezone the property.
I have a couple of ideas but I’d like your all’s advice on it. I want to build a main home (1200 sqft) ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/572312/small_1621492871-avatar-daniels152.jpg?twic=v1/output=image&v=2)
Let's say you're ready to buy your first property. It's either going to be on a luxury SFR (600k-1m) in your own area, or it'll be on multiple properties elsewhere through a turnkey operation. What's your inclination?...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2537731/small_1664840997-avatar-yokoh3.jpg?twic=v1/output=image&v=2)
We are looking for our very first short-term rental property in Pensacola/Gulf Breeze area. I am looking for any tips for short-term/ beach rentals in general, or any local tips for operating short-term rentals in Pe...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/700763/small_1694574883-avatar-olivers14.jpg?twic=v1/output=image&v=2)
There is a gas station at a very busy intersection in town that has an attached automatic car wash that is not in use. I am not sure why it's not in use, but I have contemplated asking the gas station owner if they ha...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/141345/small_1683984907-avatar-realestateress.jpg?twic=v1/output=image&v=2)
Which evaluation rules do you use to quickly assess a multi-family's (2-4 units) suitability for a closer look? It seems to me the 50% and 2% rules wouldn't be applicable because of the multiple unit factors for some ...