Account Closed
How do you organize your thoughts?
So I don't know about others, but all throughout my day I keep a little notepad in my back pocket. The purpose of this notepad is for the purpose of maintaining random thoughts that pop into my head in reference to en...
Derron Taqee
Was Kiyoski right when he said a business owner can pay themselves first and the gov taxes whatever is left?
So I just finished reading Robert Kiyosaki's Rich Dad Poor Dad and he stated something about how business owners pay taxes vs how 9 to 5ers pay taxes. He says 9 to 5ers pay the gov first in taxes and they get whate...
Mike Franco
Dealing with tenants who don't want to pay last month's rent.
I've read about them. and I'm dealing with them.
They think they can just use their security deposit as last month's rent, leaving the landlord holding nothing to cover damages.
Do tenants really have the upper hand...
David Rawls
Probate Question
Hello all,I've been looking in the forums for an answer but haven't come across anything.Everything I read says to find the Executor's address and send to them directly, but what about just labeling the envelope to 'E...
Thomas Ingram
Contract Assignment and Taxes
I'm new to the real estate world. Been reading for years and finally jumping in. I'm starting out by doing contract assignments. I have one question that I cannot find anywhere. How does contract assignment rela...
Matt Collins
New to short term rentals... anything we're missing?
Hi all,We're looking at perhaps STR'ing our place in the NY hudson valley area. I think the major questions are:1. LLC or single owner. If we have 2m$ personal liability cover specifically for STR, is there any benefi...
Nathan Emmert
Non-Refundable Security Deposit
The rental I purchased last week had fairly significant security deposits in place, a portion of which was labeled as "non-refundable".
Am I correct to assume that's essentially income?
If so, from a tax perspective...
Thomas Stanley
Holding Security Deposits for RI Multi Family
Morning BP,I’m excited to say that I am approaching my first closing for a multi family property in Rhode Island.Its been a long road with lots of ‘cleaning my truck’ exercises along the way but here I am. Pretty exci...
Jacob S.
Introduction and Question
Hi Bigger Pockets forum!I am a graduating college senior who will soon be working acquisitions for a residential developer in Boston. I'm extremely excited to start working, and to spend more time on this forum.I'm ho...
Jonathan Bell
Running numbers on properties
How exactly do you run numbers on a property, and is running numbers different from a wholesale and a long term rental, or any other type of investment in general? Could anyone offer an example possibly?