Mark Forest
Must I have a chimney?
I have a house where the chimney is falling apart and the estimates to take it down and rebuild are over $2K. I just have a furnace and hot water heater exhausting through it. The gas is off. Is there a reason I mu...
James Paine
The Everything Store - Book Review
The Everything Store by Brad Stone - Takeaways from the book! James’s Intro 9th book of the year out of my goal of 52 this year. For me this book had a lot of little takeaways so I’ll just list them out in no order....
Brown Nathan
Depreciation Land Vs Building
I have always been using a 85% building and 15% land value for calculating my depreciation basis. Now my accountant is saying I have to use the tax basis and the county is assessing most properties in my county at 50%...
Jennifer Niez
Selling My SFR with Owner Financing
I have a property in Kansas City MO which I am considering selling and acting as the bank with owner financing. This will be a first for me. Any advice? Do I need a real estate attorney to draw up the docs or will a b...
John Mcdaniel
How to pick most favorable state for incorporation
Currently in the process of purchasing a residential REO in NJ, but intend on buying property in Florida over the next several months, as well. The plan is to form an LLC, and as we are doing business in both states ...
Roberto Lugo
Can you refuse section 8 in PA?
My friend has a rental in PA and is currently looking to fill its vacancy. He received a call from someone asking if he accepts section 8 and without knowing the law he said no. I know that this can potentially be dis...
Monica Kovalsky
Personal deposits with bank as condition of commercial loan
We are working on getting our 4th loan with a bank that we have used for financing some of our multi-family properties. They are now making a condition of the loan that we move all our personal accounts to their bank...
Patrick Russell
vacation rental
Morning bigger pockets. I have a question or two about vacation rentals. I have a contract on one but i'm looking for the best way to present it to my banker as a good investment. My question is what is the best route...
Justin R.
Is Quickbooks the best program for R.E. Investors?
I need help organizing my rental property finances, R.E. Balance sheets, Cash flow statements, etc.It seems that many software programs are set up for accountants, or property managers (NOT owners.)What do you use? An...
Eric Oswald
Suggestions for materials for flip in South Jersey (near Philly)
Hello BP,I am in the process of finalizing my first flip in South Jersey, West Deptford Township to be specific, about 20 minutes outside of Philadelphia (I add that because I know Philly could have options I can cons...