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Results (560)
Robert Steele De Minimis Safe Harbor Election (expense rather than depreciate?)
22 April 2015 | 19 replies

Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...

Brett Jones Late fee laws in Maine
25 December 2017 | 12 replies

So as I understand it, in the state of Maine a tenant needs to be 15 days past due on rent for it to be considered "late" before a late fee can be added to the rent. https://ptla.org/rights-maine-renters-paying-rentWh...

Jonah Downs Favorite bookkeeping software?
8 February 2024 | 16 replies

Hello everyone, I'm just wondering what bookkeeping software everyone uses? I'm only going to be using it for three single family, long term rentals. Thanks for any suggestions!

Lacey S. How to overcome my DTI problem
31 March 2016 | 27 replies

I have been looking to buy my first buy and hold rental for about 18 months. I have enough cash on hand for a 20-25% downpayment and a contingency fund. I have an area and investment strategy in mind but when I went t...

Tony Lopes Best method for rent collection
9 January 2018 | 24 replies

I'm curious what methods other landlords use to collect rent each month.I like collecting rent in person each month because I get to see my tenants and make sure the property is in good order.  But as I grow with more...

Spencer R. Beginner Investor that is NOT HANDY
21 April 2018 | 16 replies

Hi everyone,I am a 23 year old that has a day job but is looking to begin buying/renting out properties on the side.  I am not afraid of hard work but I also want to work smart as well.  The two things holding me back...

Account Closed 10 Best Net Worth Trackers
12 October 2024 | 2 replies

Tracking your net worth as a real estate investor can help you make informed financial decisions. It will help you clearly understand your current financial position to see if you are reaching your goals. It can also ...

Christian Roberts How to remove seller's mortgage from DTI on a subject to deal
1 July 2024 | 22 replies

Hey BP family! 
I want to use creative financing on my next deal. A common objection I hear when speaking to sellers is that they'd love to sell to me subject to but it will affect their DTI when they go to buy a new...

Rick Baggenstoss How would you improve upon the 2% "rule"?
13 January 2014 | 17 replies

I've struggled, along with others, with the 2% rule. It has some drawbacks which I think can be improved upon with BP community help.

Simply stated, the income from a house should be greater than or equal to...