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Hello everyoneI am purchasing a multifamily property in a couple weeks and I am wondering - how much depreciation expense can I take in the first year (2015 tax year)? Since I am closing in late November, will I onl...
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In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
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Hello all.
I look forward to meeting many of you at the Investor Summit in CO.
I am looking for recommendations for a live answering service. We average about 100 or so inbound calls a month and in many cases we ar...
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HiI have 5 properties with my wife.our debt service ratio is about 43% 44% With the car payment and about 41% 39% without the car payment.We currently have a vehicle But it is old, unreliable, and high consumption. In...
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Good Day all BiggerPockets members! Question: Are you using "Foreclosure.com" on BP? Love to hear your thoughts on why or why not I should use this service. I bought a Bank of America foreclosure years ago, and it wa...
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Hi,
As I’ve mentioned on a coupld of previous posts, I’m very interested in 1st position, performing mortgage notes....especially notes in Texas. I am trying to find a reputable note company that will walk me throug...
Hello all, I'm new to Bigger Pockets and a residential property manager in the DFW area. Our company is currently a 2 man operation and we manage about 130 doors and growing. I'm new to the business but my partner h...
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This is my first post to Bigger Pockets, however, been following for a while. My market is Albany, NY.You can make pretty staggering net profits in this area. My biggest question now is wait another couple years and b...
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Has anyone used Anderson Advisors for any of your accounting or legal setups?
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Hello Community,I have a tenant who wishes to set up automatic reoccurring ACH payments on the rent for their unit. From their bank account into our bank account. Their bank does not offer this service in reoccurring ...