David Wilmer
Getting started with first STR
Hi! Recently joined BP and this is my first post... Looking to get into the STR business with a main goal to maximize cash flow and hopefully grow a little over the next few years. I have a couple of initial question...
Alexis Dedrickson
Logging Hours
To be considered a real estate professional, you have to work a minumum of 750 hours a year and those hours have to be more then any other job you have. How exactly do you log hours? I was told there is a list compris...
John Doyle
I have one property (duplex) - do I need accounting software?
We have had our duplex for one year now, and aren't looking to acquire any more properties.Maybe this is a dumb question, but do I need accounting software (Quickbooks, etc.) or can I just do our taxes with Turbo Tax ...
Jay G
Commercial Investing
Hello everyone,
I’m seeking advice on commercial real-estate investing. This week I spoke with my current (commercial) landlord about investing. While conversing about the current status of the economy and how volati...
Brian Gorman
HomeReady Mortgage Opinions
Hello everyone,I just went through the process to get preapproved for my first house. I recently graduated from the University of Minnesota and have been working full time 8 months and have been able to accrue around ...
Brandon Duff
Do I have to wait till next year to invest?
I own my own business and as many self employed people do, they write off as much as they can. I've learned lenders don't like this.My W2 is $25,000K1 is around $11,000Car payment is $498Credit card #1 is $15 minimum ...
Bryn Wilden
SD IRA for Shore Real Estate Rental
So my wife and I (39 and 40) were looking at purchasing a rental property at the NJ shore with some of our assets. We found a property and got pre-approved for the mortgage. Then BANG, we talked to our financial adv...
Hewitt Tomlin
New member from DC/MD
Hi all - I'm a young owner of a revenue positive SaaS company.Looking to sharpen my skills in residential real estate out of natural curiosity.Hewitt
Ian Cameron
Neighborhood and Property Classification
How exactly is a neighborhood classified as an A/B/C/D-class neighborhood? What are the criteria? Who decides?Same question for residential properties. What criteria determine if the property is an A/B/C/D class pr...
Justin B.
Real Estate Accounting Software Question
I hope I am in the right forum. If not, let me know where it should go and I'll change it.
Currently, I do all the accounting for my LLC which owns SFR's. I sue Excel and for the most part it works just fin...