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Greeting BP community.I would really appreciate your input and expertise. Quick summary, my wife and I moved from Chicagoland to Indy to improve quality of life and this also means have extra dollars to invest monthly...
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I'm halfway through Gary Keller's The One Thing, and I'm fascinated by the different thoughts/ideas Keller shares, including those from the several minds other than his own--from Henry David Thoreau to Jerry Seinfeld....
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Hi, newbie here! My partners and I formed a parent company in WY and a subsidiary llc in Ohio to purchase a real estate investment property (where we purchased property in 2021). All we had in 2020 tax yr was fees to ...
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Does your entire portfolio go into 1 bank account? How do you know how much money is allocated in each property so as to not use up funds you saved up for rental A, to pay for rental B's expenses? How do you keep it a...
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Hi fellow investors, I would like to get your advice on how to determine the basis (for both cost basis and depreciation purposes) for a rental property that has appreciated considerably (say from 400k to 500k) from t...
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So we bought a rental, 30 yr amortization, monthly payments. Is it worth increasing payments to 2 per month, bi-weekly, making extra principal payments to reduce the mortgage? We've allocated expenses to everything we...
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I am just starting out and I am in an owner-occupied duplex. I am curious to see what people use to document their expenses. especially if you only own a couple units and don't use a property management company. I wan...
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I was born in Costa Rica (CR) but I live in the us since 1995 and became a US citizen.I have been using a HML for my flips and earlier this year, after a few successful deals, I asked my HML to lower his rate from 15...
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Hello from Chicago! How does the 1031 exchange apply to a multi-family unit in the case where 1 unit is rented and the other is a primary residence? I'm reading Garret Sutton's Loopholes book and it doesn't offer sugg...
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Hello friends,As we approach the end of the year, I'd like to evaluate my portfolio. I could really use some assistance as I'd like to compare my performance with what others are seeing in the midwest market to deter...