Hello everyone! I would like to hear what other landlords keep track of during the year to make their lives easier during tax season. Also, what do you use to keep track of these things (QuickBooks, spreadsheets etc.)...
We need to fill out From 3115 as depreciation was not claimed for five years on our property. Besides having a CPA do our entire taxes is there assistance with just this form anyone knows of?
According to the EPA (the agency that enforces the new RRP Lead Safe Law), any Firm or Individual who disturbs 6 Square Feet of interior space of a property built before 1978 for PAY, must be trained & certified.
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Visiting my first potential wholesale deal in two days and boy am I excited. I feel as though I am prepared but would like to know what questions I should be prepared to answer? I don't want to be thrown off by one qu...
Hello BP Community, I am in Winston Salem, NC where we use attorneys to close on properties. I have my first meeting with an attorney on Monday to find out if we would be a good fit working together. My question is p...
1) You are the listing sales associate. Once the seller hs accepted an offer, you should:
a. be sure the buyer inspects the property the next day
b. wait for the selling sales associate to open escrow.
c. help the sel...
I am a new BP member and live in the Kirkwood / Candler Park area in Atlanta. I have worked around the Real Estate community throughout my career, and am ready to start building my own future through real estate inv...
I live in Colorado and my wife and I bought our first rental in October of 2019. We're co owners on the title. I just met with our tax preparer who said that since we are 50/50 on the title, we will need to prepare a...
Hello BP community, We re just finishing our new construction, getting ready for the appraisal. We are expecting minimum of 50% equity. Our lender is advising NOT to prepare any forms, pdf's. or comps for the appraise...
I have three rental properties across two states.Been renting since 2004.Till now, I simply tally up expenses and log into a spreadsheet and bring to commerical tax preparing service (ie. HR Block, Jackson Hewitt, etc...