If my single-member LLC bought a property in 2014, but was not placed up for rental until 2015; so there is no income or expenses (other than capitalized expenses). Do I need to add the property on my Schedule E? It...
Is it recommended to have 1 bank account per property? Seems a bit cumbersome. How do you guys manage your rental accounts?
So I am about to collect my first month's (plus last and security) rent on my first property - rental application in, background checks complete, initial deposit provided in the form of a check... but I don't have a b...
Hello BiggerPockets -
I’m new to real estate and am starting to model out numbers. I’m in brainstorming mode right and would appreciate any input.
:: GOALS ::
In five years time, replace my salaried income with ...
Hello BP!I am considering purchasing a few SFR's in the greater Cleveland area (Euclid) and I've been made aware that the owner is responsible for paying the water and sewer bill. I was hoping to hear how some other ...
Hi All,
I'm just now starting to explore the possibility of Subject to existing financing.
Can someone please help me explain this to a listing agent?
I just got off the phone with absolutely no luck. The re...
Hello, I’m interested on getting some insight from anyone willingI currently live in Seattle and want to get into REI but the cost out here makes it tough to be able to get involved without capitalI read the out of st...
Not my first post about buying out of state but I am perplexed. Why all the hate towards “turn key”? To be more direct, if it meets the bigger pockets guidelines/numbers, what’s the problem?And if you can resist, thi...
A recent BP blog article by Scott Trench had the phrase “. . . guys like us here on BiggerPockets . . . “ I commented about the gendered language, because if people don’t realize they’re doing it, it can never change....