All Forum Posts by: Kyle Doriety

Does anyone have any recommendations on accounting software??

I’m using QuickBooks online now but I’m very disappointed. I want to be able to track expenses by each address but QuickBooks won’t let you do that without upgrading to nearly the top package. Also I was very attracted to the receipt snap feature, but that feature sucks on QuickBooks. 

Any advice is much appreciated!

@Bob Stevens thanks man. My wife is USC alumni. I spent many weekends in Columbia and watching the gamecocks play!

@Steve Vaughan I’m

Interested to hear how that might replace my job. I’m in the middle/end of a brrrr right now and looking at picking up another soon. Seems like I need to flip to make active income to replace the job. Then use that income to pour into rentals.

I much prefer buy/hold than flipping but just seems like I need that active income

Hey guys I’m in a job that I absolutely hate. Each day I hate it more. I have a little bit of real estate experience and I really enjoy rehabbing properties. I have 2 rentals and a pretty big flip under my belt. I really want to go full time flipping to create income to (a) live off of and (b) drive profits in to more and more rental units.

My wife has a 6 figure income and insurance the whole 9. Which I’m very grateful for. I guess I’d like to hear from someone who has maybe started similarly to me and made it. I’ve been looking into market analysis and so forth. One question I’d like answered is what kind of population growth should I look for in a market? And any other thought or advice would be great! Thanks!

This is my first year filing taxes with rental income. I have receipts from all of my expenses through the year and documentation for all of my income. I’m wondering how to I organize/package everything together to turn in to my CPA?? Thanks in advance for your advice

@Geoff Perkins rental

So I’m about to close on my first investment property in a week. I’ve looked around the forums and haven’t been able to find a clear answer to my question, although I feel I’ve just overlooked it.

Is there a “rule of thumb” or something of the sort to optimal leverage? Possibly a debt to income, percentage or something? Thanks in advance for any advice