This is fantastic. Would be more comprehensive with some of the tax info as well. Depreciation + write offs, etc. Still an amazing resource! I am so grateful
You're right, but oh man... Getting into the tax benefits would really be going down a rabbit hole. Make sure you're getting all of your tax write-offs by watching my video about them: ua-cam.com/video/BPZotZ_tqrs/v-deo.htmlsi=99SF-wIWk1LgEwKD
Thanks for the calculator! What's the best way to factor in any upfront repair/renovation costs? Does the calculator take into account tax deductions you could take
Thank you! The best way to factor upfront repair/reno costs is to work with a real-estate agent who's also an investor and knows how to ballpark. Get a decent ballpark number before offering, and then, if you go into escrow, get a contractor out during your inspection period to get a tighter estimate. And the calculator does not take tax deductions into account, though I made a whole video about the tax deductions you can take as a house hacker: ua-cam.com/video/BPZotZ_tqrs/v-deo.htmlsi=LwSOsvC_KJ4jRSq4
Thanks! Expenses jump us when you move out because the unit you just left is now considered a rental and incurs expenses. While you live there, your maintenance, vacancy, and utility costs apply only to the unit that's rented. When you move out, these costs apply to both units. Does that make sense?
My FREE house hacking calculator 👉 www.duplexcalculator.com
This is amazing. Thank you! I can’t wait to try it.
Thanks Jon, love the spreadsheet and now we get to easily save properties!
This is fantastic. Would be more comprehensive with some of the tax info as well. Depreciation + write offs, etc. Still an amazing resource! I am so grateful
You're right, but oh man... Getting into the tax benefits would really be going down a rabbit hole. Make sure you're getting all of your tax write-offs by watching my video about them:
ua-cam.com/video/BPZotZ_tqrs/v-deo.htmlsi=99SF-wIWk1LgEwKD
This is very helpful, thanks Jon
Happy to help!
This is rad.
Thanks, Wade!
Thanks for the calculator! What's the best way to factor in any upfront repair/renovation costs? Does the calculator take into account tax deductions you could take
Thank you! The best way to factor upfront repair/reno costs is to work with a real-estate agent who's also an investor and knows how to ballpark. Get a decent ballpark number before offering, and then, if you go into escrow, get a contractor out during your inspection period to get a tighter estimate. And the calculator does not take tax deductions into account, though I made a whole video about the tax deductions you can take as a house hacker: ua-cam.com/video/BPZotZ_tqrs/v-deo.htmlsi=LwSOsvC_KJ4jRSq4
I love the calculator but why does the expenses jump up $900 on the calculator the year I plan to move out?
Thanks!
Expenses jump us when you move out because the unit you just left is now considered a rental and incurs expenses. While you live there, your maintenance, vacancy, and utility costs apply only to the unit that's rented. When you move out, these costs apply to both units. Does that make sense?