Pre startup expenses are typically amortized once you have a revenue generating asset.

It's presently fulled rented and generates $1,800 monthly in gross rental income.

On BP's show 176 "How to close 110+ deals in 18 months with Tom Krol", the topic focused on the different types of list that could help generate leads.

The challenge there is that accumulating enough properties to generate cash flow on par with a solid middle-class income (especially in a metropolitan area) requires deploying a substantial amount of capital to acquire the properties, and achieving attractive returns requires careful selection of the properties (to buy below market value), attractive financing, and likely some amount of rehab work along the way -- all of which require a degree of expertise to do successfully, as evidenced by BP itself.If someone is unwilling or uninterested in really digging in to understand REI, they could of course still own rental properties through a turnkey provider or a REIT, but in both cases are giving up some of the upside potential that rewards the patient and diligent.To be clear, I think REI is a great choice for building wealth and Real Estate in some form should absolutely be part of almost everyone's portfolio.

Also keep in mind a property will appreciate the same amount whether it is 100% equity or 100% leveraged.Investors need to understand first that cash must earn it's keep and second that every income property has two distinct and separate income generating streams.

Due to good deals closing within a couple of days of hitting the market, how do you generate hard money quick enough to put in an offer?

If you're buying the mobile homes and land on a package, it's best to add up the income minus expenses to get the net operating income (NOI) based on what the properties are generating now (not potential income).

Hello BP,I was wondering if i could write off all business expenses on my personal taxes since my business hasn't generated any revenue this year?

I am not savvy on finding ways to generate capitol besides finding partners.

Install them only where most of your heating energy goes and leave electric heating for the other rooms.