I had changed accountants between 2013 and 2014. The new accountant is insisting that I need to file a schedule C instead of a schedule E. In my opinion, I thought that continuing to use a schedule E would be the way ...
I'm in process of switching accountants, and my old accountant had always put all my long term rentals under Schedule "C" when filing. However, my new accountant is telling me that all the long term rentals should hav...
I am new here, and apologize in advance if I am posting in the wrong forum or topic.From what I read, most of us, and for most rentals, we should report it in Schedule-E.However, my property management company is not ...
About to close on a house in about a week and was curious how and if people paid their GC’s on a “schedule.” For example if their bid was $30k, pay them $10k at the beginning to get materials, $10k when they’re about ...
Thought I would repost this for the new people....
Monday - Mail, Fax, or email Advertisement at least 15 letters to lenders and at the end of the 1st month you will have contacted 60 lenders. You will then start ge...
Hello BP!Does anyone have an example of a detailed draw schedule for a full rehab? Thanks in advance
So what is everybody's opinion on being more proactive with your property and having scheduled services done throughout the year. Which ones would you do?EXAMPLESFall & Spring Landscape Target Date: March/April an...
Hi,I am generally somewhat familiar with the foreclosure timetable from pre-foreclosure to post-foreclosure (REO). Thanks to the great article from Brandon @Brandon Turner (https://www.biggerpockets.com/renewsblog/...
Hello,
I just got a mortgage and am trying to generate an amortization schedule but have been unable to match the banks first payment information. Does anyone know of a good program or have an excel sheet that will m...
Hello all, Basic questions for all your depreciation ninjas out there. Suppose I have 4-plex, I have held for 4 years. Is there a deprecation method utilized where the life of the building decreases with time (i.e. ...