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Hi folks! Was wondering if anyone had any recommendations for personal finance apps out there...specifically, real estate focused. Most of the modern players (Monarch Money, Tiller, PocketSmith, etc.) are great for th...
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Hi BP,I have a tax question about positive cash flow money on multi family houses. If I'm making a positive cash from a multi family house and if I continue to keep that money in a business account and don't clam it a...
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Hello BP forum and thanks in advance for your expertise and insight into our question.We have 2 rental properties, one of which is undergoing renovations with my wife as the project manager. We spend about 20 hrs/week...
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Two years ago I purchased a duplex that was recently flipped, but the house is over 50 years old. Recently, I discovered that I'll likely have to repair the foundation of my house to prevent any new cracks from formin...
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On my residential rentals, I've always expensed small repairs (bad toilet, plumbing, etc) and any real "improvement" like new cabinets, total rehab, etc. depreciated.
Now that I'm looking into mobile home parks and s...
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Planning on buying and holding a 2 to 4 unit next year and house hack on the North side of Chicago for my first deal. I realized that most of the buildings I've looked at have garden/basement/in-law units (so below gr...
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Hello!I just recently moved to Raleigh, NC and I'm looking to find an accountant who not only could help me with real estate investing (I'm looking to get into short-term rentals), but also help me with my LLC and bui...
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Good morning! This is my very first contribution to BiggerPockets, and I am excited to be a part of this community. I recently purchased a 5 acre off-grid tract of land in Hoenwald, TN (1:45 outside of Nashville). I h...
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Similar to what Al was explaining in ep 8 of the BP podcast, I'm also trying to think of ways to reduce expenses or increase income avenues with multi family properties. Although I do not own property yet, I'd like to...
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Hello BP Family,
I'm posting this for a friend..My friend owns a few STRs in Bay Area and has done well for the most part.
One of his STRs is not going so well and he has spent ~100k on upgrading and making it oper...