Hello BP community! I'm very excited to be here and always happy to accept any tips from anyone. I'm still on the early stages of my investing journey and I ran into this question while studying. When I do get a prope...
How much of your profits are eaten up by income taxes on rent paid each year?? I know you get deductions for depreciation, and maintenance but even after that, it seems like any profits would be eaten up and possibly ...
Good Evening my fellow Comrades, I have a few questions I hope someone can help me with. I purchased a buy and hold rental property last year (2019) and have just completed a complete rehab of the property. I spent $1...
I'm an investor in Massachusetts and I'm curious if there's a creative way to set up the landlord/tenant account that holds the tenant's security and last months rent deposits in such a way that the annual accrued int...
I'm looking for some opinions on a way of personal accounting for the way I finance my properties. I currently only have a condo, but I'm going to try to buy a multi-family the next time I'm back in the States for mor...
I've looked around at old posts but haven't found what I'm looking for.
I own a MHP, a SFH, and a Duplex. 15 doors + 5 on lot rent with around 10 empty pads I'd like to have included. I do NOT need software where...
Hi Everyone! So, I am a full time teacher and in the last year got very interested in real estate. I LOVE the idea of investing and even tried the wholesaling for a bit. However, I felt I needed more knowledge and ...
Investment Info:
Single-family residence fix & flip investment.
This property was the first one I ever worked on with my father. He put it the market and the real estate agent advised him to add a closet...
I am shopping for the right accounting software, have read all the posts on BP related to it and have PM'ed a few members. I am using 3rd party management (they use AppFolio); so, my needs are pretty basic and do not...
Hi,I have separate accounts setup for security deposit in Baselane. When I receive interest next year would I be responsible for paying the tax on that. How do people allocate tax to the renter rather than paying it t...