Mark Douglas
Do you have separate bank accounts for each property??
Hello all,I'm on the cusp of closing on my first property ^^ and I want to have as much in place as I can.I know I'm going to open up a second checking account for this first property, to keep it separate from my pers...
Andrey Y.
Deducting my $800 appraisal fee (X2) as an expense for the year
I was just doing my taxes and I realized I had paid for two appraisals ($800 a pop) for two refi's in 2019. Of note, I paid them with a credit card and they didn't appear on the settlement statement at the end.If I ca...
Nicholas Varner
Decisiveness and Diversification
"After studying over 500 millionaires, including Andrew Carnegie, Henry Ford, and Charles M. Schwab, journalist and author Napoleon Hill found that they shared a single quality: Decisiveness," writes Kathleen Elkins o...
Taija Walkowiak
Tips on Organizing Book Keeping
Hello,I am newer to bigger pockets, and I was searching the site for books, tips or spreadsheets to help me come up with a process to streamline book keeping. I do use quick books right now but I am not finding that w...
Renjie Song
Finding tax savings: Tool for simplified cost segregation
Hi everyone! Have you thought about using cost segregation to maximize your tax savings?Have you looked into cost segregation services but found out they cost too much? I am in the same boat. To make my life easier, I...
Jacob Bamesberger
Need Help Finding a Solution to Inventory
Hi everyone on BP. I was wondering if anyone else has experienced the same issue our PM company currently is and if there were any solutions out there. We own a portfolio of about 250 units comprised of small garden-s...
Nathan Gesner
Virtual staging: have you used it?
Virtual staging is a method of placing furniture in an image to make a room appear furnished. Example:Have you used virtual staging? If so, what is your favorite software to use? Did it help you rent/sell the property...
Jeff Christman
Any Cons to using a DBA 'with' your LLC?
I am having an attorney set up my first LLC this week. A recent 'get fundable' seminar cautioned about using several "denial trigger words" in your LLC name...words that would get flagged/denied by commercial lending...
Steven May
Self Storage Facility #2
Investment Info:
Other buy & hold investment.
Purchase price: $750,000
Cash invested: $63,000
Purchased self storage facility #2. This was the same owner who sold us our first one. 50/50 ownershi...
Steven May
Self Storage Facility #2
Investment Info:
Other buy & hold investment.
Purchase price: $750,000
Cash invested: $63,000
Purchased self storage facility #2. This was the same owner who sold us our first one. 50/50 ownershi...