$489,000 purchase price$10,000 face lift$1698 mortgage (25% down and a 3.75% rate at 30 years)$307 taxes$175 insurance$175 HOA$118 vacancy$29 maintenance$59 CapEx$2561 total expenses$2950 rentDoes this seem out of lin...
I'm brand new at this but it seems that using a percentage of the rent to set aside for CapEx doesn't seem to make sense. Let's assume I buy two different 1,500 square foot houses and one rents for $2,000 per month a...
I keep hearing that while you should be cash flowing positively, you should be showing a loss on taxes for your rentals. I've deducted every repair, interest, tax, insurance, depreciation, etc. that I have put into th...
I am currently house hacking and renting out a couple bedrooms to some Navy friends but do not have them under a rental lease, however, I collect rent on a monthly basis. I am not sure of how this will affect my taxes...
Does anyone have a particular recommendation for cards for landlords / rental business? I'm assuming most people split out from their personal account so I'm curious what people recommend!
Can you guys and gals help me check out my CAP rate calculation and tell me if there is any thing I have forgotten?
Cap Rate is Net Operating Income divided by Property Cost or Value.
Net Operating Income=
+Revenu...
DFW housing market is super hot (expensive) as you all know, which makes it very difficult for a newbie like me to get in the game. So it got me thinking, why not build on one of these small lots in South Dallas. Smal...
The Federal Housing Finance Agency, FHFA, the governing body that controls the conventional loan world. Think of them as the parent of Fannie Mae and Freddie Mac. They have set multiple new pricing grids for all con...
I am currently house hacking and want to know what the best way is to maximize return on Schedule E. 1. Dividing expenses - I see some post saying that I should just divide the unit by half. In my case, my tenants spa...
Hi guys, looking to network with folks who have apartment properties in the Bay Area (not out of state). Would like to see how their properties are doing and share ideas. Thx.