Bret Clayborne
How is the deduction for Depreciation handled
On a buy and hold rental property the purchase price was less than the value of the land itself. How is this accounted for taxes purposes (i.e. Depreciation) j
Marvin Meng
Electronic payment methods
Hi BPers! I've posted this question before and never did anything with it but I figure maybe the information has changed anyway. I still use the mom&pop rent collection method (mailing checks). But since most of o...
William Richardson
Scaling Up Out-of-State
Hello All,I have a few questions regarding scaling up in an out of state location. I currently reside in Long beach, California and in that past months have came to the realization that finding cash flowing properties...
J. Johnson
What to expect with wholesaling
Hello, after reading and doing more research, I just want to ask about the aspects of being a wholeseller full time. Can this strategy sustain you until you have a solid business plan? Can you replace your job with th...
Adriea Herndon
Surplus Deals explained -Spencer Vann
Hi everyone. I’m back again with another question in regards to a guru. I recently came across Spencer Vann and his class on surplus funds. I’ve tried looking up surplus funds and so far have gathered that it’s money ...
Bill Womeldorf
Having tenants pay using internet?
Hi everyone!I am debating weather or not having making a tenant pay rent on a smart phone/ or computer that would require internet is ethical. I would think the vast majority of renters now use internet on the daily a...
Michael Schneider
Real Estate Search Engine Marketing
I'm interested to discuss some of the marketing ideas other Real Estate Professionals and Enthusiast use as it relates to Search Engine Marketing, Putting Your Website on Page 1 of the SERPS in your Market, Whether yo...
Adrian Smude
The BRRRR method is dead
I believe the BRRR method is dead or at best on life support! The last decade has been easy for investors to use the BRRR method, but now we need to learn other methods. I've been learning these other methods for ov...
Account Closed
Homestead house is paid off! BRRRR or not to BRRRR?
So, I'm about a quarter way through the BRRRR book, and I started thinking to myself, "would this strategy work with the house I'm living in, currently?" The house I'm living in is paid off. ARV is $248000. It's the o...
David V.
IRS Form 8824 Review
Hello Tax pros,I am planning on executing a 1031 Exchange (simple one - no boot, same owner, etc.) using IPX 1031 sometime over next couple of months (already had call with IPX) and had a question relating to my taxe...