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In episode 85 of Straight Up Chicago Investor podcasts, @Mark Ainley talks about how in the last few years you are required to not pull credit/background check until the initial screening is approved. He said he'd put...
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Hi BP,As I start to acquire more and more properties, the efficiency of my records of expenses/income/ROI is getting complicated and honestly not as organized as I would like. Not being a complete expert with excel h...
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Those of you who self manage multiple properties, do you use a simple spreadsheet to keep track of all the utility bills? Or Quickbooks, or something else?
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Here is a question for all buy and hold investors specifically. How do you feel about life insurance? Do you have large policies ($1M plus) or are your investment properties your form of life insurance if something h...
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Long Personal Post: would really Appreciate it if you Read this.Hey, I just turned 20 year old and have been trying to learn as much as he can for the last year. I’ve read books, flown for events, even purchased one p...
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I hired a chartered accountant three weeks ago to help me with my taxes due to a 1031 exchange. The taxes were supposed to be done three weeks ago. I had to point out to him that the settlement statements would be nee...
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Hopefully I explain this in a way that is easy to understand. This is my first rental property purchase and also the first time I've really had to deal with any accounting of this nature, so I would appreciate any gu...
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The appliances in a duplex I bought are going to be replaced. Would love to write it off next year as an expense but wondering if that would raise a red flag with Uncle Sam. What do you all do? Capitalize? Or Expense?...
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My Story: Steps I have taken to setup up for Wholesaling.... and learning!I am getting started with wholesaling. I have known the concept for few years though never tried it out. I have read several books on the subje...
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Hey BP Fam,My partners and I are under contract with a Mobile Home Park in the Eastern Shore of Maryland. The park has some vacant lots and an onsite manager that lives rent free. Right now he collects payments in cas...