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22 October 2024 | 7 replies
Its one thing to have an opinion, but I would not want biggerpockets to have a chatbot to answer those questions (nor would I assume they want the liability).Within your comment lies the more reason for AI powered fact-checkers and flagging system that can flag bad and good advice.
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21 October 2024 | 7 replies
Hello everyone, I’m interested in hearing about which systems and technological tools you use as real estate investors as part of your work, and how you use them.
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21 October 2024 | 9 replies
My current focus is on doing my first flip or live-in flip here, and I'm eager to learn from those with experience in this space.I'm particularly interested in developing solid systems and strategies to achieve long-term financial freedom through real estate.
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23 October 2024 | 15 replies
Whichever way you go, do your own taxes or get a CPA, make sure you have a good bookkeeping system for each rental and I'd recommend getting a business checking account - when I had my rental income and expenses mixed in with my personal account, it took a long time to sort through which was personal and business (rentals) with pages of bank statements.
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21 October 2024 | 3 replies
However, bonus depreciation doesn't apply abroad; instead, the Alternative Depreciation System (ADS) with longer periods is used.The Short- Term Rental Loophole Explained (biggerpockets.com)
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22 October 2024 | 7 replies
Become great at systems and processes because that is really the only thing that makes investing work consistently.
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21 October 2024 | 13 replies
Legal system here only helps the wrong side!
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20 October 2024 | 9 replies
@Dawn Miller Great I would follow our system to create 2 notes and calculate the what each note should be.
21 October 2024 | 1 reply
The inspector checks the plumbing and electrical systems, the roof, the foundation, the HVAC system, and the general structural condition.
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18 October 2024 | 14 replies
I have had good luck finding cool unique pieces in local stores to the property.