Suzette Parsons
Best way to hold title to a note
I am a newbie to note investing and want to ask all you that invest what is the best way to hold title to the notes? Did you start a company? I currently don't have an IRA or solo 401K, but is that the best way to p...
Michael O.
What to do with liquid cash?
Hey bigger pockets family, newbie here. I’m curious about how most of you keep your liquid cash. High interest savings/checking account? Money market account? The reason I’m asking is because I’m about to inherit abou...
Victor Taflinger
Do need an accountant?
I am retired Navy living and working Okinawa, Japan where I will probably stay the rest of my life. I am a resident of Washington State. I have a drivers license but no address to call home. I was born and raised in F...
Cameron Price
Depreciation: when do I get credit for initial purchase?
I've Learned a ton about accounting lately, but I just can't seem to figure out depreciation.I bought a rental property for $25,000 in 2012. I was paying back $500/ month at 4% interest to a private investor. I sold t...
Tamar Hermes
Do you use your 401K money to invest in real estate?
I have been investing 401K funds through a self-directed DB plan in my company for a while, but now I have different 401K money coming in and wondering who uses retirement accounts with traditional stocks and who is i...
D Mack
Seller wants to avoid an audit!!!!!
Im in the process of getting a duplex under contract. The home owner and I agreed on a price of 25,000. But he says he wants his money in 3 separate checks (9k, 9k, 7k). He says he wants it this way, so he's not audit...
Marquis W.
Could have all three rentals paid off in 3yrs should I?
I am a firefighter and started a second full-time job with purpose of increasing income so that I can buy more property, reduce current toxic debt(any debt that doesn't pay for itself) and paying off the 3 rentals tha...
Faiz Kanash
Question about how Gross income should be reported on a flipping business...
Hopefully this doesn't sound more complex than I need it to be. I recently had my taxes filed with a new CPA, and i'm not 100% certain if my taxes were filed correctly. Im a fix n flipper, and this is my first year re...
Austin Smith
Best way to run financial operations for landlord business
Hello BP'ers Just wanted to gain insight on how you run your rental business in regards to finance operations. Do you accept rent payment electronically? Did you open up a separate bank account to track income/expense...
Nathan Faucett
How to Grow My Money While Build Up for the Next Deal
My wife and I started learning about real estate in January of 2019.
In June of 2019 we purchased our first primary residence and converted the basement into an 2 bed/1 bath apartment which we started renting out in ...