Austin Farsai
landlord bank account for property
Hello I am currently setting up a bank account with my ADU that I am renting out. I am curious if there was a bank or app that you guys have used to keep your accounts separate, what kind of account, and how easy was ...
Marcus Turner
Closed on great priced property - Resell or Rehab?
Closed on a great priced property. Should I list and resell immediately (for $20k profit) without rehab or rehab (for $35k profit after investing in $50k in repair)?
J Scott
War is Making You Poor Act
For those of you who are concerned about government spending being out of control, and subsequently the risk of increasing taxes, I thought you might be interested in this bill:
http://en.wikipedia.org/wiki/War_Is_Ma...
Shiloh Lundahl
Teaching Kids About Investing. How do you do it?
Right now my wife home schools our 3 oldest kids. Earlier this week, I had the opportunity to teach the math lesson. My kids learned the term Cash on Cash Return and then worked out the CoC Return for each property ...
Marissa Liesenfelt
Set up and furnishings for STR
Hi all! When you are putting your numbers together for a new STR property, how do you look at the cost of initial furnishings, linens, etc? Do you just look at this as an acquisition cost like you would a downpayment?...
Tony Stephens
Whats the best use of 5,000$ to build my new wholesaling business
We are in the beginning stages of building Our wholesaling business, and only have 5,000 dollars. What would be the best use of this money? The websites are built and I have a small cash buyers list built ( not sure h...
Jose Vazquez
Big Mistakes & Nightmares
As a new agent for KW I’m wondering what costly mistakes Real Estate agents commonly make in the beginning of their careers?
Also, on the flip-side, what are some of the things agents do right away that benefit them...
George Rodriguez
Wholesaling with a 20k marketing budget
I am looking for deals so I can purchase, fix and flip. Also I have some investors with cash in hand to buy deals themselves to flip. I'd like to get to the point of getting at least 5 homes a month under contract. Wh...
Dru Steeby
Deducting Capital Expenses and Maintenance
Hi BiggerPockets,I have a question about taxes that I can't seem to find the answer for on google. In my breakdown of my rental property I put away 5% for CapEx and 8% for maintenance. If I do not use this money in a ...
Jay Kenny
Unusual LLC tax question
If I own an LLC that sells engineering consulting services for, say, $20,000 in a year, can I use that $20,000 to make a downpayment on an investment property, and then tell the IRS the LLC had $0 profit?