Kamiko McGhee
New no New?! LoL
14 January 2024 | 0 replies
And now, I'm ready to get back on my feet and reclaim what I lost, multiplied by 10.That's why I'm here, to learn from the best and to network with like-minded people.
Curt Bixel
Professional Tax Preparation or Not
15 January 2024 | 13 replies
I think plugging information without analyzing or thinking of what is being done would take 4 hours or even less.However, when I work with clients, I normally try to see if the information that they provided to me makes sense and ask questoins to the client if any.For example, if I don't see mortgage interest, taxes or insurance on a profit and loss statement, its an automatic prompt for me to ask the client a question.Also, be mindful that there is more time devoted to a client than just completing a return.There is sending the welcome email, gathering and organizing information, one person prepares the return, one person reviews the return, requesting e-file authorization forms, submitting the return, letting the client know that the return has been submitted.In the event that you decide to do the return, look over the past 3 years worth of returns to see if they were done accurately.
Justin Sherman
Advice on townhouse transfer from family member. (northern virginia)
15 January 2024 | 6 replies
Folks local to the DMV area know how precious of a gift it is be able to have a lead on a nice townhouse , to not have to compete with other buyers and drive the house price up, so that is the advantage i have here, and i consider that a gift enough , without directly inheriting the house.They arent hurting for the money, so im trying to think of creative or long term ideas, some things that come to mind:1.) lump sum up front (maybe using irs gift limits?)
Matthew Kalifeh
Great cities for starting investors
13 January 2024 | 42 replies
Hello BP,I am currently an undergrad student with 2.5 semesters left (Finance Major RE Minor) I have read many books and have listened to many podcasts on RE investing so my mind has been set to do this for a while now.I plan on investing long-distance eventually but am looking to move to an area that has a strong RE market that I can invest in sooner rather than later, and lots to offer for young people.
Jay Lee
NEED ADVICE! Unable to pay hard money loan
14 January 2024 | 19 replies
Do any of you have an attorney in mind for this situation?
Frank K Hwang
rental mgmt software preferences - BP Pro purchase includes RentRedi
14 January 2024 | 8 replies
I wanted to see if anyone had thoughts on better property mgmt sw platforms.I just purchased the BP pro membership and having issues activating Rentredi so I thought I'd ask if others have had better experiences with other platforms.Happy new year to everyone, always appreciate the generous community here and thank you in advance for your thoughts and suggestions.
Vemmanath Vasudevan
Looking for References in Indianapolis
14 January 2024 | 3 replies
I am looking to connect with like-minded individuals from the same market or region who can share their experiences and knowledge about investing in Indianapolis.
Jin Yijian
First time home buyer in mid 20s
14 January 2024 | 0 replies
I'm not exactly sure what contracts need to be signed and I'm looking to source one, this is something I'm currently researching further4.1) The contract needs to protect me from seller's bankruptcy, change on mind for the deal, assist me with the lender in the future if required and more5) Inspect the property, check for outstanding lien, hoa, mortgage payment, insurance, tax 5) Closing costs - agent 2.5% ( if they are part of it ), escrow/title transfer (??
Michael Plaks
EXPLAINED: bookkeepers v CPAs - hire one of each or combo?
15 January 2024 | 9 replies
Not surprisingly, it was VERY different from what my team of software developers had in mind.
Rob Bergeron
Louisville, Kentucky, Among Top Markets for Apartment Rent Growth as US Decelerates
13 January 2024 | 3 replies
How much of is that due the increased investor activity forcing out tenants with egregious rent raises on SFH?