Frankie Torres
What Is A Good Cash Flow Amount in Memphis, TN
***SOS*** Hey everyone, I submitted an offer on a buy and hold, and just found out the rents are lower than what I ran the numbers with. Is $90 / month still a decent cash flow? Rents for $890 - $950
This is my first...
Andrew Namkoong
Depreciation Basis for BRRRR property
Hi everyone,I am trying to figure out what the depreciation basis will be for the property that I will be closing in two weeks.I am buying a property with full cash, doing some minor exterior rehabs (place is already ...
Brigitte Garrett
IRS classification of Maintenance costs
Hi All,Under the current tax laws is interior painting considered maintenance vs repairs?What about roof maintenance (replacing a few shingles)?I would like to have document references to support classifying these two...
Lana Nelson
Advice for disabled recently divorced person
Hello!My mom recently got divorced (August 2023) and is looking at a 260k for her share of retirement account, debts of about $50k ($30k owed to parents who helped with legal fees, $6500 owed to sister who also helped...
Gabriel A.
Analyze This Deal
29 units in Midwest.
Asking Price: $1.1M
$875k of which is in assumable loans.
PITI: $9319
$14,925 in rents collected if 100% full. I have data for last 24 months, average actual collected is around $12.5k/month.
...
Westin Hudnall
Auction.com - What does a first time buyer of the site need to know??
title says it all (Plan on bidding on 2 properties next week). Thanks in advance for the advice :)
Terrance Harrington
Wholesale Calculator
I just watched @Brandon Turner video on using the Biggerpockets Wholesaling calculator and have a question regarding how the Rental Owner's Purchase Price is being calculated? I tried adding the loan amount plus the p...
Todd Shroats
Leasing my car to my scorp
If I lease my car to my scorp, the scorp can write off the lease payment. Can I write off the mileage on my personal taxes? Also can I depreciate that payment.? If this isn't the best setup what should I do?
John L.
Addressing improvements when converting residence to rental
I'm looking to convert my primary residence to rental before the end of the year. There are some maintenance and improvements necessary to make suitable for rent. For example, I need to fix some gutters and downspout...
Andrew B Degnan
Minimum Cash Flow & Cash on Cash ROI
What are typical minimum monthly cash flow & cash on cash return you target for single family & multi family homes? I am looking for locations & markets that can yield that formula. I have heard single fa...