Mario J Perez
Multi-Family Expenses as part of Gross Operating Income
Hello,
I would like to get an idea of what percentage of the gross income expenses are in a large multi-family property?
I realize this is going to vary, but I would just like to get a ballpark figure.
Thing is, wh...
Nicole Almond
First potential flip! Deal or no deal?
I've heard that starting your realestate adventure with a house needing a complete renovation wasn't very ideal. With the numbers, however, I am somewhat interested in giving it a go.The house was built in the 1960's ...
NA Jones
Project Stockton - Our First Flip!
Hello BP!On Wednesday, we went to settlement and closed on our first deal! I wanted to go ahead and document our project with a diary thread from start to finish.A little background - this house was an REO home liste...
Adam Byrne
Cost Segregation to offset Cap Gains?
Hi BP!
I'm evaluating a property that has had a lot of capital improvements and because of its location, are not reflected in the value of the property. I'm selling another commercial property and wondering if buying...
David Hertz
Splitting utilities on property that all the utilities is on the landlord
Hi I'm looking into buying 11 (a 6 unit and a 5) units in the Hazelton pa area. The one big set back on this deal is the fact that the heat and water are all together and paid for by landlord equaling about 24,000 a ...
Thomas L.
Is this a good FIRST deal?
Hi! I have been listening to the podcast and reviewing properties for several months now, so it's time to get started. I live in Belgium, so the market is a little different, but the numbers seem to work out for me. S...
Nathan Waters
Profit and Loss Statement on Rental Properties.. Mortgage?
When you write up your profit and loss statement, how do you break down the mortgage? Is the interest, taxes and interest the only loss? I'm assuming principal is not written in the loss category even though it goes a...
Prasad J.
Building Multifamily in Tacoma,Washington
Is buying land and building multifamily ( duplexes, 4 plexes) in South Tacoma(Washington) area worth it. The basic construction costs in the area are around 85$/sq ft , on top of it there is the permits, cost to brin...
Jonathan Mednick
WHOLESALERS, I LOVE YOU BUT...
Each week I get at least 20+ properties sent to me from wholesalers. It's Monday and I've already received more than 10.Wholesalers are a vital source of deal flow for our operations. These folks spend a lot of time d...
Joshua Awodele
Connecticut Section 168k Limitations
Just found out that Connecticut disallows section 168k & section 179 bonus depreciation. For reference, see: https://portal.ct.gov/-/media/drs/publications/ocg/ocg5bonus...
Is there an exemption to this rule or c...