Jef A.
Property Management Cashflow question
I have a property and i hired a property manager to deal with it but i dont see how this scales well. Lets say i have a property that i am paying $1100 a month in mortgage. I am asking $1400 a month for rent. I hire a...
Michael Finkelshteyn
I would like to get feedback on my rental property analysis
I am interested in a 4-plex in Houston,TX. The property is listing from a wholesaler for $133,500. CAD appraises it at $179,000 and it has gone up from $135,000 in 2010. Wholesaler says it needs $16,000 in repairs. I'...
Shantul Nigam
Estimating Expenses
I live in CT and I need help estimating expenses for a multifamily unit (2-4 units)..I understand that you should use the 50% rule or the 60% rule but I am finding that these don't make sense when the rents are out wh...
Jeffrey Magenes
The more deductions you claim, the less a bank will lend to you?
Would it necessarily be true that the more deductions you claim on your tax return the less a bank will lend to you because of your lower taxable income?
So therefore, isn't this technically a catch 22 situation wher...
Michael S.
This is my first deal im analzying
Hi guys i'm new to bigger pockets. this is my first deal. any advice? thanks 2 bedrooms, 2 bathrooms. Purchase Price: $45,000.00 ...
Chris Duzan
Getting an estimate on the expenses
I've been reading several things recently that have mentioned getting a rough idea of the return of the property to see if it fits your criteria. I know you can get an idea on the taxes on the property and the amount ...
Christopher R.
Tax Implication of a Management Fee
Hi All,My CPA is questioning whether a Management Fee that I am claiming deduction on is appropriate if I am not acquiring these services from someone else. IE, I'm setting aside 10% of total rent as a management fee...
Tyler Lingle
Does house hacking still work?
Right now, I'm pending a duplex for a client: 3241 N College Ave. I cannot reveal the contracted price as that's not allowed but asking price was $410,000. Mortgage is around $2500 when you factor in taxes / insurance...
Keith Chapman
Legitimate/legal LLC expenses for self directed IRA
I just set up my LLC that manages my self directed IRA. What expenses are considered legal to expense out of this entity? My custodian seems conservative. Would travel to look at investments be legitimate? My custodia...
Heidi Dunn
Any Advice For an Excessive HVAC Invoice
Hi All, My tenant called at 10 pm on Jan. 1st to let me know that the furnace (natural gas boiler) was constantly cycling on and off and the temp was dropping in the home. I instructed him to contact the local HVAC c...