Thomas Oakes
PNL report for apartment complex
Hey y'all! I am looking at a PNL report for an apartment complex, and I am confused about a couple things. These might seem like dumb questions, but hey, I'm brand new to this! 1. What is the depreciation expense?...
Zana Blue
I Saved $928 By Paying My Taxes Early
To me that is real money...if we pay property taxes early in November we save money ...then a little less in December ...January etc...till you are paying the full amount with no savings in March ...not sure why anyon...
Michael J Scanlon
Chicago Realtor: Investor Client Purchase Breakdown
I wanted to help out and share a breakdown from a first time investor client of mine to show what can be done.
3 Unit Purchase Price: $289,000. Seller Credit: $8670. Down payment: 5% or $14,450 (home possible loan...
Account Closed
Wholesaling, Lawyer, Assignment & Purchase Forms
Hello, I am fairly new to wholesaling. I have a couple of documents I would like reviewed for legality in the Maryland area. Does anyone know a lawyer in Maryland that can review both assignment and purchase contracts...
Shea Spinelli
January Rent in December?
Happy New Year everyone - hope 2017 was great!We receive payments online via Cozy and I am entering our payments received into Quickbooks to finish the year. We had a few tenants pay online for January of 2018 on Dece...
Lois S.
Update Tenant Credit Info during occupancy?
I received a notice of changes to a credit card account, which includes a statement that "the issuer may, from time to time, obtain employment and income data from third parties to assist us in the ongoing administrat...
Brett Roth
Check made out to wrong "name"
Ugh.... I screwed up. I wanted different email accounts for my real estate and personal so I named my email account with a name "______ properties". Anyway, its allowed some separation of email which is nice. ...
Rocco Swinney
Investment Property - Can't Deduct Impacts Nobody Mentions???
Hi All!
I started using biggerpockets about a month ago and I see so many folks mention about obtaining a cash-out refinance on their investment properties... I was hoping someone could clarify the below, as my under...
Henry LiChi
Out of state LLC but want to open a business account in state.
I'm not sure if this is the right place to ask this but hoping it is a simple question.I have an LLC in the State of Ohio for my rental properties there. I have yet to actually put my properties into the LLC nor crea...
Tyler Bond
House Hacking a Rental
Hi all...the description says a quick summary but right now my wife and I are renting a house from a couple in their 80's. They agreed that it would be ok for us to bring in some friends/roommates as long as we don't ...