Team - has anyone (who uses quickbooks) been told by a CPA to hold their property values steady (i.e. original purchase price/value) in their books around tax time?  It would be nice to have an accurate picture of tot...

I am looking at putting an offer in for a fourplex, but I am having trouble getting solid information from the seller about the past rental history. My agent, at my request, has reached out asking the sellers agent fo...

we paid cash for a multifamily property. When creating a monthly profit and loss statement do you include property acquisition as an expense? Or do you just include it in the balance sheet and don't really count it as...

My long-term tenant wants out of his lease due to his adult son passing away. The son lived with him, was a co-tenant on the lease, and was the main person making the rent payments. Before passing, the son scheduled t...

Hi BP,Getting more interested into REI, I would like to assess my personal financials.On top of my head, some main factors are income, debt, FICO, and rental fees.I feel that there is much more to consider. What infor...

Hello bigger pockets, I have come across a multi-family unit 6-plex. The property has been in the family for a long time and was given to the son after the father died. The son has been handling the property but has d...

What is the norm with regard to option fees for feasibility and earnest money related to MF apartment deals?  Regarding option fee, I think I got lucky on my last deal at $300 for 30 days.  The current deal I am worki...

I just purchased my first property and am going to have tenants living with me for my first year or so. I want to make sure I have all my legal ducks lined up when it's time for them to move in. I have a few questions...