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Hello, Since marijuana is recreational in IL im a little perplexed on how i should go about it in my rental. Since its legalized i cant ban the use of it onmy property right? Also in the lease agreement i have a no sm...
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I am working on my schedule E and this is what the year looks like for 2023. I see the numbers and I don't know how to interpret them. I don't have deprectiation in here and the monthly mortgage going towards principa...
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This part of landlording and managing property has always confused me, so I'm hoping to learn if there is a "best sequence" to use when prospects call to express interest in a property for rent? Most of them invari...
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Team - has anyone (who uses quickbooks) been told by a CPA to hold their property values steady (i.e. original purchase price/value) in their books around tax time? It would be nice to have an accurate picture of tot...
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I don't want to keep bothering you guys but: Can you help with your thoughts som background. Property 10 plex purchase price
3yrs ago $ 1,995,000 on the market 2009 for $ 1,449,000 partners want out ( break up ) I as...
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I am working towards doing my first wholesale but I don't have a worksheet that will work for wholesales. I will try to attach my excel spreadsheet that I am setting up for normal property purchases. Could you guys ...
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I'm looking at different buildings right now and was told by a reliable source that, if I buy the building, I get the owner's cash reserves. That doesn't sound right to me. I know I get the tenant's security deposit...
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Hey BP,So my partner and I are currently in the market for a buy and hold. We currently own a single family buy and hold where the numbers made so much sense that we didn't even have to analyze. Now that we are lookin...
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Hi,i was trying to find an answer to this question, but nothing came up in BP or google. Here is the situation. I have invested in a couple of syndications and then I started wondering how is my net worth calculated. ...
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Hi all, I'm new to this forum and the landlord gig. I've been at it since last
June and have had pretty good luck thus far. I'm 24 and have a lot to learn. I bought 5 properties in a 6 month span last year. 3 of...