Roy Mitle
filling out schE for the 1st time
This is my 1st time with 1040 and rental.a) Is it possible to list the closing costs under any expense item - eg. commission. I bought the house so technically didn't pay any agent. I also took a no-point loan but I s...
Ronald H.
Investor special marketing
Have house that requires a Cash Purchase.Have gotten many postcards. I have not answered any, because I need to make up my mind where I will go and what I will be able to buy. Cannot do the latter until I get offers. ...
Landon Rogers
Wholesale home goods/ materials
First off, I know this is not the traditional Bigger Pockets post, but here it goes...
First post alert!
I have gotten so much valuable information from scrolling through these forums for hours, so I wanted to see i...
Chris Allen
Wedding Registry for the Financially Savvy.... HELP!
For all the married people out there; what do yall recommend to put on a wedding registry???? My fiance and I plan to get married in April next year, and neither of us are really materialistic and are looking towards ...
Joseph C.
Property purchase with holdover tenants
Hello everyone. We find ourselves in a situation. Hoping for some feedback.
Purchased property 2 months ago. One apartment was occupied with holdover tenant who had plans to leave (family of seller). Multiple attemp...
Fletcher Caulk
Capital Expenditure Forecasting
I am purchasing my first rental property in Memphis, TN (Bartlett area) and am trying to come up with the numbers for that area for capex that I should be setting aside after a rehab (assuming all the items are new, w...
Jane H.
Sign Off Form re: Repairs
Does anybody recommend a sign-off form I should provide to Tenants after I had major repairs done from a shower valve leak ?(ruined an entire bathroom, and some adjoining flooring). (I paid out of pocket, as insuranc...
Bill Schrimpf
50% Rule and Condo HOA
50% Rule and Condo HOA
The 50% rule looks like it’s a rule of thumb for properties where the owner would be responsible for a long list of capital and operating expenses items such as roofs, HVAC, landscaping...
Christopher Nelson
Purchasing a home with upgrade incentive
Hey all!I am looking to purchase a home where the buyer is offering 15k for upgrades at the buyers discretion.I believe the home will still be able to appraise for the offer price prior to any updates.Am I able to be ...
Peyton LaBarbera
Security Deposit Question:
How do I go about sending a tenant's security deposit back to them?Money Order? ACH bank-to-bank transfer through a platform such as Baseline? Or another way?