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Updated over 2 years ago,
How the Money Flows (New to investing)
Hi there everyone!
So I've been doing a lot of research and I was just wondering if someone could explain the general way money would flow from a cash flowing property and into either my, or the business bank account tax free. (Not sure which account is normally used with other investors) Also how are the books done and when? Do you have property managers handle the rent payments then at tax time they hand it off to the CPA? What about book keepers? Sorry for such a jumbled question but I'm just trying to get the framework down in my mind.
Thank you so much everyone in advance this helps so much!