Chris Latham
Rent reduction for tenant expenses
In general should I reduce next month's rent if I owe a tenant for expenses they incurred or should I write them a check? I am thinking of record keeping and tax implications.
Doyle Brown Jr.
Cash flow after operating expenses
Close to closing my first rental property deal. No money down. Owner is going to owner finance me for 12months @ 3.5% and give me deed. Im goinging to cash out refi with a traditional loan in 6-8months to pay the note...
Michael A.
Best loans for improvement expenses?
Hello,
First time asking a question here, inexperienced here so bare with me, here it goes: I am managing 20 unit multi family in Los Angeles that my parents and I own. Its an older building and there are some relati...
Account Closed
Mortgage Payments and Business Expenses
Can I count my mortgage payment towards an investment property as a business expense, even if the mortgage is in my name but paid from a business account?
I would assume you can, but I just want to make sure.
Thank
Elisha Keller
Newbie Question #6: Tracking Expenses
Good morning BP! I'm getting awesome feed back to my "Newbie Question" each day and I'm learning a ton! One thing that BP and other sources are driving home for me is that real estate is a business. As a business, ...
Kyle Lewis
CapEx reserves included in expenses?
I've used a variety of deal analysis calculators and many of them include CapEx estimates/reserves in the 'Expenses' category, like this:Income - Expenses (including CapEx estimates) = NOIBut shouldn't CapEx estimates...
Bill Bell
Hard Hit Maintenance Expense Year!
Two houses, two new HAVC systems - checkone house, new roof - checkone apt: drywall, bathroom remodel, and other $1k+ "refresh" efforts - checkEven though the monthly cash flow is fairly strong over monthly costs (mo...
John Hauser
New Member in Expensive Area
Hey Everyone! I'm a new member and got started by listening to the very good podcasts. I live in the DC area and have a rental building (with two other partners) in the South Shore neighborhood of Chicago. I'm g...
Kevin Greene
Expense accounting for flip property
Hello everyone,Working on my first flip and honestly the hardest part has been keeping track of expenses. I get receipts from my contractors and enter the line items into Excel. I then categorize each line item, and E...
Raymond Sun
House hacking in expensive area
I'm going to college in Long Island this year and want to get into house hacking, but the house prices in Long Island seem to be really expensive, is it still doable? I'm looking for a duplex for around 200k-300k