Nicholas Kania
Guidance on Forming a Real Estate Business: Partnership, Tax Strategies, Accounting
Hello Bigger Pockets Community,
I hope everyone is doing well. I’m reaching out to this knowledgeable community for some guidance as my partner and I embark on our real estate investment journey.
Our Situation:
Par...
Michael Plaks
EXPLAINED: Depreciation - myths & reality
Years ago, I was at a CPA conference, and the lecturer finished 30 minutes early. Unheard of, I know, but it did happen. He asked us what we wanted to learn in the remaining 30 minutes. And 300 CPAs in the room almost...
Troy Williams
A List of Crowdfunding Related Sites
In no particular order, I thought I would share a list I am currently doing on REC and related sites for my own research knowledge. For the record, I am in no way affiliated with any of these sites nor have I investe...
Athol Dickson
managment after foreclosures
I'm thinking of getting into buying notes, but I want to do it for retirement income so it needs to be as passive as possible. I will use FCI to service the loans and manage defaults and foreclosures, but can anyone s...
Bill Smith
Checklist for New Landlord of 14 Unit Apartment
Does anyone know where I can find a checklist of all the things I need to do before taking ownership of a 14 unit apartment building? I will get the keys in about 60 days. I have never been a landlord before. Thank...
Andrew Wu
Water Heater deduction when plumber purchased all parts?
Hi all,
This is my first post to this forum (I've been mostly a lurker)!
Apologies if this is the wrong sub-forum - please move if needed?
I own a small townhome in the SF Bay Area, in which I ren...
Jonathan Johnson
How do you construct a private money contract?
I found a really great house going up for auction in 3 weeks. I would like to buy it with some friends and family money from the auction. Fix it up and refinance it into a mortgage to live in.I'm guessing this will ta...
Colby Zeller
How do I deliver effective offers with Agents involved ?
Hello BP, I've been debating on how to proceed in my own journey when it comes to agents. The market Im looking to invest in doesn't seem to have many if any Investor friendly agents who are active. I've tried looking...
Jane Z.
Hiring kids for a rental LLC
Hi,I have several children related tax question. After consulting with my CPA, I am now confused. Here is my situation.My husband and I set up a rental LLC several years ago. The same CPA told us since only my husband...
Carlos Santiago
Question on expense accounting
I'm working a rehab. I have a rehab loan -- so the mortgage is for the house + approx. $24K in rehab money.
For my accounting - how do I account for repairs being paid for? I'm writing the check and getting the r...