Dustin Beam
Tell me more about "paying yourself first"
In part, I understand the concept. At least I think so. The way I take it is: Take a certain amount of the profits each month and give it to yourself.Another way it was defined was in a recent podcast: Income - Profit...
David J.
When is it ok to buy a depreciating asset?
HI,I have been a real estate investor for many years now. I have been very disciplined with my investing strategies, making sure to budget, and invest as much as I can. I now have about ~ $4M RE portfolio, ~$240K in s...
Brendan M.
What are the tax implications of paying myself to property manage?
I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
Steve Ellison
Becoming a landlord primarily to establish rental history
About six months ago I posted about my situation and got some good advice. Now that I’m ready to actually do something about it, I’d like to run it by everyone again with a little more detail.My goal is to buy a new ...
Kelley Roberts
To Master Lease Option or not to Master Lease Option
I'm looking at a deal where the seller is anxious to sell a 38 unit apartment complex. They bought it for cash in 2005 for $1,675,000. Here are the current numbers.Asking Price $1,411,000. The normal Cap Rate for the ...
Renee R.
Eviction for nonpayment of late fees
I have a tenant who has been late with rent payments since August. He's currently paid through Sept, but hasn't paid Oct. He has racked up $360 in late fees. He said Oct rent is 'in the mail' and that he can't pay the...
Account Closed
4-Plex Analysis - Your Thoughts?
Hi BP community! This deal is on the MLS - 3108 W Palmira Ave Tampa FL Property Highlights:-Great location (A- area of town, Hyde Park/Palma Ceia)-4, 1 unit apartments at 550 SF each -Asking $260k or $65k per unit-Ren...
JD Martin
Looking to you good STR'ers to give me a STR crash course lesson!
Good afternoon all!Most of you might not recognize me because I don't hang out in this section much because, well, I've never had a short-term rental. My main area of experience is in long term buy & hold. So I'm ...
Jeiby V.
I need need help with a difficult decision!!!
Hi Bigger Pockets community!
I recently joined Bigger Pockets because I see that’s there’s great information for beginners like myself and the community.
I’m currently going through a small dilemma and ...
Johanna Castel
Tenants not paying rent on time
So we have an issue. My grandma owns a home and I do part of the landloring for her. We rented the 2nd fl apt to fellow church friends. Now at first my grandmother did not want to do business with church people but go...