Accounting Question for you CPAs.So I recently purchased a rental unit and am just starting out.  I have one asset (single family home).  I do not use any accounting software at the moment as it is just one unit.  It ...

I recently came across a new strategy that I don't quite understand and it sounds too good to be true. The principal is simple. Use your heloc to pay your mortgage and funnel all your funds in and out of it like a che...

Good day, So I keep hearing about BRRRR as the way to go, but I'm running into issues with banks not wanting to offer lines of credit or cash out refinances.  Market's pretty good in Indianapolis and the suburbs, and ...

Hi,Would someone plz confirm if the current unpaid principal balance is calculated as follows or otherwise?Note is $30,000 - $1,158.04 (which is payments of $289.51 per month x 4 payments made) = an UBP of $28,841.96 ...

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I use stessa to track my transactions both incoming and outgoing. At the end of the year there is the option to download a tax report that includes and income statement, net cash flow, and capital expenditures. I can'...

Hey, Bigger pockets community. My name is Bailey Kramer and I am 19 years old.  I am just beginning my real estate journey and have fallen in love with the idea of multi-family as an investment strategy.  I have a ba...

6 years ago I made a similar post and it seemed to resonate with many people as a few even sought me out and told me how the post had touched them.  So, I thought I would do a follow up and do a "deep dive" into my ex...

My wife and I have been working on the first unit renovation of a fourplex in a B-ish class area. There is a lot of development around and we definitely are producing a unit much higher than the typical in our area, b...

I am first going to say that this is very difficult to write about. The motivation to compile so much intricate information that is held in a mostly emotional state and convert those feelings into words articulated s...