Hi everyone, I recently closed on my first rental property and I'm curious about how to track closing costs correctly. Do they apply as "miscellaneous" expense (which I can deduct when I file the taxes of the current ...

Hi Peter "newbie" here, I'm new to BP and looking for Pros and cons on rolling my company-sponsored 401k into a self-directed IRA to purchase rental properties. I understand you have to go to a Trust Company/custodian...

I wholesaled a property and charged an assignment fee of $5800.I took back a note and my buyer is paying me $300/mo a month until the note is paid off.My bookkeeper is having a very hard time how to record this in Qui...

How much rental income from investment properties is needed for someone to qualify for a mortgage loan if the person has no other source of income? Like say you want to buy a $1 million property with 20% down for exam...

I bought a foreclosure Condo (2 bed/1 bath) in Colorado Springs a while back for $50K cash. We have been renovating it and I have been doing the work myself because right now I have the time and luckily enough the tal...

Exploring the idea of investing in turnkey/out of state properties.  Before everyone starts bashing the idea, I've read enough on here to see there's 2 points of view- you either hate the idea or love it.  I believe I...

Hi All, I am considering to buy my first investment property in Memphis, TN. I am totally new bee and my friend suggested me a Property Management Company. They take care from buying a foreclosure, renovating till ren...

Hello BP Community!I'm working with a client who's interested in a home that's currently used as an airbnb.  I was sent some docs as proof of rental income, but I'd like to know how accurate this is VS what airbnb fee...

Hello BP,First off thank you for the wealth of knowledge you share. So I have an opportunity to purchase a house in Copperas Cove TX for what is owned on the loan. The owner is about to go into foreclose as of Oct ...

Brand new to BP.  Have been wanting to get into STR up in Frisco or Breck.  From the area but living in Cleveland now and looking for a way to get back for 1 week in winter and summer seasons.  Every place I look at s...