Tony Valle
Success Stories Attending Bigger Pockets Bootcamp?
9 January 2023 | 1 reply
When I showed them my various daily routines for the week, they quickly signed off on my file, telling me I didn't need to come back and to keep up my routines.From this perspective, I consider physical therapy is only for people who don't work out regularly.
Arthur R. van der Vant
5 Tips for Effectively Managing Rental Properties
9 January 2023 | 5 replies
By leveraging technology, you can not only save time and improve the rental experience, but you can also increase occupancy rates and rental income for your properties.Tip #4: Maximize Income and Prevent Vacancies with Regular Property MaintenanceProper maintenance is crucial to keeping your rental properties in good condition and attracting high-quality tenants.
Jose Garcia
Hello, Just a new kid with some questions 🙋♂️
9 January 2023 | 11 replies
. :)Regularly seeing wholesalers ask close to if not retail values for property, and/or other shenanigans, like advertising sub-to terms, a violation of the due-on-sale clause seen in most if not all mortgages, even the sale of property, considered licensee activity, when all they have is equitable interest in said property, at best.
Chris Reyes
Potential Tenant that will use a Trust without employment
9 January 2023 | 2 replies
If the Trust is paying them regularly, then you can consider those payments as income, just like you would with social security or a pension.
James Honeycutt
Sold my first rental property, huge profit, next step?
22 February 2022 | 27 replies
My end goal is to be wealthy enough to have nice things and for my wife and I to not have to work a regular job anymore.
Casidy Marks
New Member from Melbourne, FL + Real Estate Employment Question
21 July 2020 | 4 replies
in the process so I won't be able to regularly visit an office.
Caprice Claytor
Wholesaling and House Hacking in Los Angeles
7 July 2020 | 6 replies
Are there any tax codes (similar to 1031 exchange code) that would help reduce my taxable income from real estate wholesaling?
Steve Chan
Are you receiving distributions?
9 February 2021 | 11 replies
A good operator should be communicating regularly with the investors and sharing the good, bad, and most importantly the ugly.
Connor Riley
How to charge your time spent on repairs after tenant leaves
5 June 2020 | 7 replies
These "come with the package" and are part of the deal; I do not get directly compensated for that time investment.However, when you are repairing something that a tenant broke due to abuse, or cleaning their vacant unit because they did not clean it as stipulated in our signed contract, That does not make any sense.From a tax standpoint, that revenue I receive by doing it myself (and charging the tenant for my time) is taxable revenue, so I don't see where it is "double dipping" (which is what I think the courts sometimes claim).I have so fat avoided this issue by having the tenants sign a "move out charge sheet" that itemizes estimates on damages/repairs made (I apologize for the formatting issues).
Royston McKaig
Reserves and Taxes, how does it work?
13 June 2020 | 10 replies
@Royston McKaig income - expenses (including a depreciation deduction; see a tax pro) = your taxable income.