I received a CP2000 notice from IRS and send to my accountant who prepared taxes. The inquiry was resolved with a simple letter to IRS explaining where income (rents) were accountant for in LLC return. The issue was...
Hi all, I'm new to this forum and new to real estate in general.I'm wondering if some NJ locals could give me some advice on the market in Union City, specifically in the neighborhood of New York Ave and 18th St. I fo...
Hi Everyone!I am closing on a property next month that I plan to rent as an Airbnb. Looking for any tips from other Airbnb hosts about what technology is essential vs just nice to have. What has made your life easier?...
All,
I'm in the process of purchasing my first property - to both live in and use as an investment. I'm a newbie to this forum - and to investing - and was recommended to post the numbers here. Any assistance...
Hello BiggerPockets Family,Whether you are a smaller (or larger) property management company, a self-managing multifamily developer, or a sponsor/syndicator - Property Accounting can oftentimes become a significant co...
Good evening bp family. I would like to get opinions on hot water heaters vs tankless heaters. We have a 3 unit building with 3 separate water heaters for each unit. There is only 1 meter for the house so we have to ...
I have a mix of long term rentals and short term rentals and I'm looking for something to help organize all of my expenses and more. I currently use apartments.co for screening and rent collection. It would be nice if...
Hi Everyone -I've been calculating ARV for quite some time and wanted to get the community's perspective on it. Specifically:If you don't find true comps (similar house with similar beds, bath, SF etc. etc.) do you st...
For those passive investors out there, which matters more to you - That your sponsor has money in the deal or that he/she has a successful track record?