22 February 2017 | 4 replies
Then you need to make sure your line items equal.
23 February 2017 | 2 replies
Prioritize your rehab items and it will become more clear what you should do.
6 March 2017 | 33 replies
For instance, a plumber, carpenter, etc.When you get higher up on the ladder of your business, you then start to do things like manage your subordinates.Above Managers, you must then give reports on the progress of your department, milestone achievements, projections of revenues and income, etc.Above Managers, the CEO level, your vision decides the overall direction of your business.I believe every Investor needs to think of their investments a business and you are the CEO driving that business forward with your vision of the future.You should NOT be a specialist, you should be a Generalist that can gather information such as what is the future migration of people in your area, what is the city planning doing in terms of re-zoning, are there any large scale developments that can affect your business (ie... if you are a mom and pop retail store, Walmart will put you out of business), is there a recession on the horizon?
22 February 2017 | 4 replies
Make sure to view the Bigger Pockets book store: https://www.biggerpockets.com/store
27 February 2017 | 14 replies
Schedule A is where you show your itemized deductions- you want more of those.
28 February 2017 | 7 replies
The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store
11 April 2017 | 6 replies
Within each property tab, Column 'A' could be your descriptions of all income/expense line items, and all other columns would be the months, then you could calculate down to arrive at your NOI.
27 February 2017 | 26 replies
They are only checking to make sure the items in the house work and that there are no safety issues.
24 February 2017 | 3 replies
Ask if they have any issues that you may be able to address.I treat tenants as customers and have empathy for them - give them some leverage when they fall on hard times - but be firm and let them know that this is your business and you depend on the rent to keep your operation running.There are times when you can supply the tenants with up-grades, Frig, new stove micro wave - with those items supplied you'll be able to increase their rent a little.Treat your tenants with respect - thy are your customers and their rent pays your mortgages and gives you an opportunity for a wonderful cash flow and future retirment.Cheers
22 February 2017 | 0 replies
_ZehmerSummary: Guy writes on the back of a store receipt paper that they would sell their 400+ acre land for $50,000 and signed- later in court claiming it was a joke.