General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 9 months ago,
Rental balance sheet
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