Gang,
I have a rental property I am planning to sell. I'm expecting to clear between $38k and $45k. I have owned it for over two years. What percentage should I be setting aside for tax purposes?
Hey everyone, I have about $7,500 to set aside for a year or two. I want to know the best option to earn on it while it is in something where a savings account or a stock. I really need helping expanding my options on...
in general is there a rule of thumb when it comes to how much $ to set aside for each rental property. $ that would be used for repairs, to cover late rents, etc...?
I have a tenant who is now late 2 straight months...
Hey BP quick question,
When setting aside money for capital expenditures, how much would you vary based on age of certain expenditures? For example, a house that needs a roof in 10 years vs. 5 years and HVAC in 8 yea...
What percentage of the value for one property should be set aside for repairs?
Good day BP Nation. First and foremost, thank you for all your contributions to the community. You have all been so helpful thus far. I am currently at a bit of a cross roads. I think I know the answer but I could use...
Hello Folks!Got a newbie question. I recently closed on my first rental apartment here in NY. The seller is renting it back from me for the first year at least. My question is do you have a separate account where you...
For buy-n-holds, if you take a portion of your collected monthly rent to place into reserve accounts for items like future vacancy, repairs, cap ex, etc., do you NOT include that money in your final earned cash flow n...
I understand that, as a buy-and-hold investor, it is important to set aside a certain amount of cash in order to cover maintenance and capital expenditures.It seems a bit odd, though, that these are typically expresse...
I'm purchasing a duplex for $90k and it rents for $1350 total, but I'll raise rents to $1400.
In regards to variable expenses I'm setting aside $100 for repairs (7%), $115 for capex (8%), and $70 for vacancy (5%).
T...