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2 August 2024 | 15 replies
Hey Jay, thanks for taking the time to write all of this.
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31 July 2024 | 4 replies
That is usually done by having your own CPA, Attorney, or Registered Investment Advisor (someone with a license) write a letter stating that they have reviewed your financial statements and/or income statements and that you are indeed Accredited.
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30 July 2024 | 2 replies
You are correct, All of the standard Market companies I contacted would not write the coverage with an open loss.
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27 July 2024 | 5 replies
In 2022 I purchased a real estate course and am wondering if it's possible to write it off on my tax return.
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31 July 2024 | 7 replies
Also keep in mind that if you write off a bunch, that will affect the income that's used to qualify you.
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30 July 2024 | 4 replies
Fees should be clearly stated in writing, easy to understand, and justifiable.
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30 July 2024 | 8 replies
You can also use the "Build Your Team" function above biggerpockets has to find a tax professional and financial advisors that specialize in working with real estate investors.
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29 July 2024 | 10 replies
A door lock doesn't function, four cracked windows, a broken door handle...those sound like issues the PM should have found during the inspection.When you get a lot of repair requests from a new tenant and they seem to be legit, I would recommend they spend a week or two getting settled, write down all the issues they come across, then send your contractor to handle everything at once.
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30 July 2024 | 3 replies
Also, I would recommend getting from the tenant in writing that they agree to terminate the lease and have you refund upfront funds to Lemus.
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29 July 2024 | 2 replies
Accounting function is extra so I don't know how that looks.If you are just starting, it might worth using it since it already comes with the BP Pro.