Rocky V.
Case Study - Newbies/Oldies, What would you do?
Here is one of my own deals for those looking at getting started. I just closed this one out last week.Case Study –Received a motivated seller lead from Facebook. Property details:1600 sqft, 3 beds, 2 baths, 2 car g...
Andrew Yu
Bookkeeping & Tax on Owner Finance Sale
I sold a property thru owner finance, but I have a question about the bookkeeping/tax side of it. Here is the journal entry for it basicallyMy questions are:
Is the journal entry correct? 26K is quite a bit of reven...
Rick Shepard
Funding Commercial Property Development
We have a $50k purchase agreement on an empty warehouse that would be a great indoor storage unit property. Is it possible to crowdfund projects like this? We have several lease option single family homes but not the ...
Cora Gilmore
Tax info from a Property Manager
What do your property managers provide to you for your taxes if anything or you you keep your own spread sheet?ThanksCora
Sean C.
Skip Trace monthly subscription?
Hello Bigger Pockets,I have A LOT of returned mail I want to tackle and cold call them. Also, with my limited budget of marketing after sending out my mailers beginning of the month I would be dry the last 2 weeks. I ...
Gilles D.
1031 and FIRPTA
Hi everyone!I am close to listing one of my properties that thankfully has appreciated a bunch over the past couple of years.A couple of things I was wondering about in regards to the sale of this property, I plan on ...
Jake Mires
Large real estate agent tax write off???
I need to write off about 40,000 in real estate sales income. Does anyone have any tips for larger write-offs that I can take advantage of before the end of the year? I took the entire cost of a new truck last year an...
Matt Jankowski
Money/Managing Partner Split
I'm trying to figure out what a "fair" or at least typical split would be for the following deal:
Money partner brings money and guarantees the loan.
Managing partner does 100% of everything else. Creat...
Nat C.
Eviction and judgement order out of nowhere
I previously posted a thread about having problems with my landlord and he wouldn't accept my rent and filed for eviction.In summary I had some arguments with my landlord about major issues not being fixed and instead...
Mathew Pezon
Section 8 Paid The Rent?
Hello BP,
Here's a question for the Section 8 experts in the community:
The management company is claiming they did not receive rent for the last month of the lease (section 8 tenants) and that the tenants probably ...