Justin Dziedzic
First deal closed...now to start renting
Hi all, First, I want to thank this community and everything y'all have done for folks such as myself who have just closed on their first deal. I purchased from a family member who will be moving out by June. The issu...
Mazyar A.
I did not issue 1099 for expenses, can I carry over to next year?
Hello,I had some renovation expenses in 2020, for which I was not able to issue 1099 forms on time and to send out to the subcontractors. Does IRS accept carrying those expenses over to 2021 if I issue and send out th...
Lara N.
Analyzing first time multi-family properties
Hello everyone,
What are the mathmatical formulas (cap etc) & some key strategic factors when analyzing first time multi-family property?
thank you & happy holidays!
Tim Lee
Deduction/depreciation and DTI
Hi,I recently heard that investors may not want to take too many deductions because that will affect their DTI and the ability to get loans. Can someone explain this in greater detail? Thank you!!
Sharon Supera
To keep or to sell
Hello everyone,
I’m seeking your advice on whether I should continue holding or sell a property I purchased last May 2023 in Windsor, Ontario, a city next to Detroit, Michigan. I acquired the house for $350,000 with ...
Scott Kelly
How to determine a current market average rate of return...
In a book I'm reading, and example was given thus...
"If the current market for a type or property required a 9% return on the capital invested..."
My question is how does one determine the current market "required"...
John Lee
Accounting question for personal loan with title in LLC
Hi guys,I know there are tons of discussion regarding getting a loan under your name and putting the title in your LLC.May be I am not looking hard enough but I can't seem to find how to do accounting in this situatio...
Matthew Wright
Property Management Software- Buildium/ Landlord studio/ Stessa
Hi BP members! This is quite a debated topic, and I was hoping to get some insight from some more seasoned BP users on property management software. My requirements are: 10 properties presently, (looking to grow a lot...
Crystal Cody
Expensive hot market vs Affordable cash market
What would be your investment strategy to scale the quickest and why? Choice 1: Smaller and "more affordable" market. Purchase 2-3 properties cash and renovate each property to have ~120K equity in each to rent an...
Mitch Genser
Accounting and Bed Bugs
I am getting some mixed messages about how to deal with the accounting for bed bug remediation in an apartment building my company owns. Normal, regular and modest 'pest management' is clearly part and parcel of '...