Joel Oh
I am hearing STR doesn't count toward REPS status.
Hello guys! I have a good W2 income as well as STR income.
2023 is the first year I thought I could qualify for RE status as I am working as the property manager, handyman... (750+ hours) man I worked hard!
Just fi...
Account Closed
10 Best Net Worth Trackers
Tracking your net worth as a real estate investor can help you make informed financial decisions. It will help you clearly understand your current financial position to see if you are reaching your goals. It can also ...
David Hite
Quickbook Strategies for Notes etc.
Hey everyone! I have purchased my first note, and it is about to be boarded. Once I start getting payments, I am wondering about everyone's strategy for how to track the note within my LLC's quickbooks company file....
Mike Abbate
Tenant requests after deposit received
First, thanks to all of the BiggerPockets members for answering my questions along my journey of investing and becoming a landlord for the first time.I currently have a tenant set to move in on the 30th. This is a wel...
Brian Klingbail
Ordinary business income vs. long term cap gain on K1
Hello All,I just got back my K1 from the accountant on a property that I purchased in 3/2013, rented out and then sold in 6/2014. The K1 has all of the profit listed on line 1 as ordinary business income and does not...
Margaret Feit
Depreciation Recapture upon Sale that includes Personal Property
Hi All, I'm trying to wrap my head around planning for capital gains and depreciation recapture if I start to sell some appreciated property within the next few years. I'm also trying to determine whether to take acce...
Lili Thompson
My House Hack Took 89 Days to Close!
Hello BP!
This is NOT going to be a breakdown of what house hacking is and how to do it. There’s already plenty of information out there and besides, I’m not an expert.
BUT, what I am is a beginner who came acros...
Cassidy Burns
Keeping Track of Individual Unit Month to Month Expenses
Hi BP,As I start to acquire more and more properties, the efficiency of my records of expenses/income/ROI is getting complicated and honestly not as organized as I would like. Not being a complete expert with excel h...
Blake Edwards
How do you keep track of your utility bills?
Those of you who self manage multiple properties, do you use a simple spreadsheet to keep track of all the utility bills? Or Quickbooks, or something else?
Clint G.
Can you 1031 a flip?
Hey guys, I'm getting ready to close (selling) my first flip in Dec. I'd like to roll the profits into the next one, but I've read that you can't roll flip profits to a 1031 exchange. Is that correct, if so, is there ...