Michael Chizhov
Quickbooks Duplex bookkeeping: AirBnB and Long Term Rental
Hey all, I set up two sets of books, one for my LTR and one for my AirBnB. The LTR has the mortgage on it, the payments, etc, and the rent from the LTR pays most of the debt on the property. But not all.
I'd like the...
Ashley Wolfe
Startup costs and length of time
All-Knowing Ones,My husband and I have our little log cabin in La Grange, TX and we've received six bookings in the last six weeks through all three of our platforms (Airbnb, HomeAway, and Glamping Hub). We're pretty...
Hyunwoo Shin
How soon can you buy 2nd Investment property?
I'm in process of buying a house right now. I wonder how can I buy the 2nd home soon?I put 20% DP on this first home so my pocket money would be low after the purchase.How did you experts expand your portfolio after t...
Mark McKeny
Advice for making our money go as far as possible
My wife and I are actively putting together a business plan and trying to get a grip on our financial needs. Our primary focus at this point is SFRs up to a four-plex for a buy-and-hold. We both have full time jobs ...
Tom Nguyen
Is it good idea to show Huge depreciation after cost segregation?
Hello BP.I wonder is it good idea to show huge depreciation = huge loss after cost segregation with 100% bonus depreciation.My CPA recommend not taking all deprecation because He/she not comfortable with all the pap...
Steven Peterson
Credit score barely below requirement, accept or decline?
We have potential tenants that seem like a great fit other than the credit score is just below our requirement of 600. Is there a good way to make up for this? Conditional lease? Increase deposit requirement?
Jennifer Rysdam
Do you offer free internet?
I'm considering looking into internet for my whole 8-plex. Yay or nay?
Jessica Foy
accounting issues
I'm just trying to find out some accounting info about my rental property. I have one of my employees renting a house from me, we have worked out an agreement to have them pay partial rent each paycheck that I take ou...
Alex Albers
Brand new investor from Metro Detroit
Hi everyone!My name is Alex, and as the title states I’m brand new to real estate investing. I’ve been so grateful for the articles and podcasts at BiggerPockets as I begin to educate myself, and so today today I’m ta...
Rich Weese
Income stream---GUARANTEED!!!!!
This is a follow-up to the thread on income streams not requiring real estate. I replied to a post about buying a self storage facility. Having bought one recently, I assure you it is NOT like buying real estate! It i...