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Updated 9 months ago,

User Stats

2
Posts
0
Votes
Babu Byrapuneni
  • New to Real Estate
  • West Chester, PA
0
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2
Posts

Rental balance sheet

Babu Byrapuneni
  • New to Real Estate
  • West Chester, PA
Posted

Hi, I'm working on the balance sheet for my rental (multi-member LLC) and need help. Rental bought in 2023 and initial return.

For assets - Cash, depreciable assets less accum deprn, land

For liabilities - Open credit card balances (Charged rental improvements and expenses on 0% interest credit card)

Partnership equity - Cash contributions less net loss

My assets are greater than liabilities + partnership equity

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