Kyle Winston
House Hacking in an Expensive City
Hey everyone, I am new to the BP Forums, but have been listening to the pods for a while now. I'm 23 and live in Chicago and am want to buy a duplex/triplex/4-plex to live in and rent out the other units. I have been ...
Roberto Fernandez Andersson
Calculate Expenses based on projection assumtion
Hi guys!I was following along a great webinar but there's something I don't understand. How are the Total Annual Expenses in Year 2 and forward calculated? It's really getting to me because it should be the same as th...
Preston C.
Travel Expenses and Mileage for Taxes
Sorry if I post this in the wrong section or if it's been posted about before (I couldn't find much on the topic), but I am wondering how others with rental property keep track of travel expenses related to managing a...
John Newburg
I bought a house, business expense?
So I do day trading at home - it uses to be an apartment but it was a good year and I bought a house outright.Can I deduct the space I utilize in my home as a business expense on next year's taxes?Also do I need a bus...
Account Closed
Starting off in an expensive market
My husband and I are in our late 20’s and live on Oahu, Hawaii. Real estate is very expensive here, so I was wondering if anyone had advice for starting out in a market like this, is it even possible without a lot of ...
Account Closed
Writing off expenses in tax return
Hello,I have a friend who bought his first duplex and did some bathroom reno. The reno job was done by my referral and the cost is very friendly - like under 5K in Boston. He claimed that he will file the renovation c...
Sung Shin
income, expense, prop value increase percentage??
What would be the best percentage to use when analyzing income,expense,prop value increase?
Steve Triano
Can I ask for property expenses?
I just entered into escrow with a 4 plex. This is my first multi-family property. Besides doing inspections....what else should I look at? Can I ask for the prior years expenses or the tax returns? I have estimate...
Pamela D Williams
Rental Property insurance...why so EXPENSIVE??
Hi everyone! I'm a new landlord (lady?)...just purchased a duplex and closing on a fourplex on Thursday. My question is, why is the insurance so darn expensive? My agent said they are required to insure properties at...
Sean Edward O'Brien
Dealing with expenses caused by tenants.
Hello BP, How do you go about dealing with damage to the property that is caused by the tenant, but can't be explicitly "proved"? We have had a couple situations with repairs that we believed were the tenant's fault, ...