Andy Chen
The VR service Brandon used to produce his operational procedure
Dear BP, I think it was BP Podcast #352 where Brandon mentioned he recorded his screen and send it to a VR to produce a 100+ page operation procedure. The cost was ~$2 per hour and it sounds like a good tool to i...
Joseph Barbaretta
Early tax question -- Do I deduct my expenses if...
So, I'm in the middle of flipping a house. Its taking longer to get it on market than I'd like. It probably won't close until after the new year. So, if all my expenses happen this year and I sell the house next ye...
Mike G.
Requesting help in understanding safe harbor applications
Hi BP,I recently incurred significant expenses for the exterior of one of my properties, and am requesting your assistance in understanding what I may be able to deduct in the current year. I would classify each of t...
Brenden Evans
Rental Property Tips?
Hello, I am a 21 year old real estate investor out of Los Angeles California. I own some rentals in Cleveland and Milwaukee and I am a couple of weeks from closing on another multi family in Wisconsin. I am interested...
Tim Cook
Handling the Private Lender Money
I always get a lot of questions about how to handle the money so I'd like to go over a few of the basics.
- Touching the Money
Sometimes when people hear the kind of interest I pay they will get so excited about loa...
Bob Woelfel
Capital Expense or Maintenance Expense??
Accounting question....would a new appliance for one of my rentals be considered a maintenance expense or cap ex for accounting purposes?Would that change if it were a flip project? Thanks.
Najhae Robinson
Sourcing, Starting, and Running A Padsplit Rental In Atlanta, GA
Hey, have you heard about the PadSplit rental opportunity? Turning a property that might traditionally produce a 7-10% cash-on-cash return into one that produces 15-30% if managed properly. As a company we help invest...
Joe Carlino
Property Management SOPs
I am an aspiring new investor and look to enter the investing game through househacking and living in a multifamily property financed by an FHA loan. Given this is the method I am choosing to get the ball rolling for ...
Flora Nguyen
Sellers Finance Legality
Hi BP! Does anyone have experience with seller's finance in terms of procedural and paperwork required? Is it similar to a conventional loan where you have to put a down payment or can you do zero down if the seller a...
Account Closed
WHAT IS THE BEST PROPERTY MANAGEMENT SOFTWARE
Curious as to what BP members are using for their property management software needs.Here is my criteria for selection of an online system 1.The best rental property software supports the property managers in handling...