Hi everyone!I am SUPER newbie and juggling working full time and a 3.5 yr old and 7 month old so I've started by reading the BiggerPockets Rental Property Investing book , reading forums as much as I can and am going ...
I have three rental properties across two states.Been renting since 2004.Till now, I simply tally up expenses and log into a spreadsheet and bring to commerical tax preparing service (ie. HR Block, Jackson Hewitt, etc...
Hi everyone. I was fortunate to close on a property in which the seller agreed to seller financing. A note was prepared and the property has closed. The seller is very laid back and is satisfied with me mailing him...
Folks,What are your thoughts on renting to someone who has a discharged bankruptcy in 2014 ? What other factors/items can I check to reduce risk in such a case ?Thanks a ton,Vidit
Hey guys I am gonna be getting 4 properties that are grossly under market rent and want to get you option on how you would raise rents.Units are renting for 600-700-750 and 900$900 in on a lease so I can’t do anything...
Hello BP,With the help of my partner, I have access to a list of property owners with vacantly property in the Bay Area. Tomorrow we will begin to cold call these property owners and ask them if they are interested in...
I've used a CPA in the past, but I've learned that I can handle most of my personal returns by myself. With the IRS adding tons of money to audit enforcement, will a self employed tax return with various real estate ...
Hello all: I am curious how your CPA or tax preparer handles these items.Had a conversation with a tax preparer yesterday about replacing a front door. He states he expenses the item that year rather than depreciate i...
Best business to be in before real estate ?
Hi all,I am looking to purchase my first rental property in my local market (Sacramento, Stockton, Lodi). However, I am unable to qualify for any bank financing as my credit score is in recovery. I was financially irr...