Allan Ste
converting owner-occupied duplex to fully rented duplex-depreciation question
Hello,
Was wondering if I could get some guidance from someone who may have some experience with depreciating rental property, specifically for tax purposes.
I have owned a duplex since 04 and have owner-occupied it. ...
Joe Koppel
Bookkeeper, or accountant or CPA...what do I need?
Hi I sold my house and have a sizable bit of cash and want to start buying residential rental property in Texas. I live in San Diego, CA. I am just small time and will just buy one at a time.My question is how do I ke...
Adam Hoeker
Managing the Finances
Hello BiggerPockets community,I am new to real estate investing and we now have 3 properties and accelerating. Before the accounting side of the business management gets too far, I was wondering if there are any reco...
Jason Neff
Wait to get a HELOC or go for it?
Hi everyone,
We started the process on a heloc and were told that some smaller debt should be paid down to improve our credit score before applying to get a better interest rate. It would still be possible to get a h...
Jorge Valdez
New member looking to make the first step soon!
Hi everyone! My name is Jorge and I am finally venturing into the BP forums. I am originally from Riverside County in California, but ended up going to school at Cal Poly San Luis Obispo. After that, I moved to San Fr...
David Mitro
How would you handle this attorney?
I contacted an attorney a little over a month ago to draw up a promissory note and a mortgage that I could use for a private money loan between my lender and I.Initially, he requested a $400 retainer to begin work on ...
Preston Donahue
Pitching yourself to a private money lender as a newbie
How do you go about pitching a deal to a private money lender if I haven't done any deals yet? Every way I run the numbers, it looks like a great deal. Outside of showing them a report of the numbers and performance, ...
Benjamin Barredo
Memorandums, where and when to do them
Hello BP. I recently attended a creative investment training in Knoxville, TN. It covered mostly Lease-Optioning properties (sandwich leasing???) from the seller and then lease-optioning them to buyers. It was recomme...
Jeffrey Arreguin
Advice on how to get the right legal forms
If I’m going through a private lender and want to make sure I have the right legal forms to keep both parties safe, where would a beginner go to find those type of documents? Specifically forms where it explains their...
Lana Friedland
Acquisition and building mortgage note
Is anyone familiar with 'Acquisition and building mortgage note'? We are doing private money lending and the borrower's lawyer prepared this type of document for us, it combines a promissory note and deed of trust in ...