To take expense deductions for 2020 on a new property being used as a b/b such as appliances, furniture etc, does the receipt need to be dated in 2020 or can it be dated up until filing deadline of 4/15/2021?

Good morning BP Community.  I was turned on to Dwolla several months ago as a decent free alternative to receiving (and sending) $$ for tenants. Last week they announced some changes that appear to impact all of these...

I purchased 1st position note. I have hired FCI as a servicer. I just want to make sure that now I can sleep well hoping that someone else will take care of following all local/federal laws (yeah right …) in exchange ...

Hello My Oklahoma Investor,What system have you guys been using to collect rent from tenants? I am putting my Lease together and I am not sure if I give my personal address, create a PO BOX or use an online tool.  Any...

Hello Guys,Ideally, I want to set up one account with the tenants, however; be able to control which bank and account # that money ends up going to.Reason:  I am dealing with multiple banks for loans, HELOCs etc.  I u...

Newbie realtor here! Wholesaling sounds a heck of a lot like a “net listing”- which is illegal in my state of New York. Can anyone clarify? Thanks!

BP,I have a tenant that will be terminating their lease unexpectedly and early (April 1, 2019). Currently, the tenant pays all of the utilities with the exception of the water. Do I inform the utility companies and ha...

Hi,

When I acquired my building there was an existing lease with a 3rd party to provide a coin-operated washer/dryer. The revenues are supposed to be split 50/50 and the company handles collections and mainte...

Hello Fellow Investors...
I've run into quite a large problem with a house I have under contract.
Situation: My wife and I recently purchased a house to move into in November. The loan was sold to another lender in...

Hi Bigger Pockets Community!
Do any of you know of any fixed fee (or better, no fee) electronic payment options where I could send my contractor money without needing to write a check?  I've written dozens of checks,...