Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

So the seller is essentially saying the tenant is paying 25 days late each month with their permission.

I’ve come across options like the Institute of Real Estate Management (IREM), National Association of Residential Property Managers (NARPM), and Certified Property Manager (CPM) programs, but I’d love to hear opinions on which have been the most valuable in practice.Additionally, any recommendations for resources, books, tools, or online communities that have been helpful for day-to-day management would be appreciated!

Quickly analyze deals using tools like BiggerPockets calculators.Look for good locations, below-market prices, value-add potential, and positive cash flow.

Cleveland and Lubbock are both good options to explore, but also consider areas with strong job sectors, like Indianapolis or parts of the Southeast.Researching Demographics: Tools like Placer.ai, Costar, and Data USA offer insights on demographics, migration trends, income, and market growth.

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Essentially you create a parent LLC with each property in it's own secondary or child LLC.

I've heard that DealMachine is becoming the go-to tool for this kind of data, but I've also noticed some strong results coming from Crexi lately.It seems like Crexi has a more multifamily-focused platform, while DealMachine is often geared toward wholesalers.

I am learning but am struggling to tie tools, etc, together to understand a deal.