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All Forum Posts by: Mel Jeffrey

Mel Jeffrey has started 19 posts and replied 123 times.

Thank you Ann this was helpful. I have to make sure that I setup 2 additional accounts for my last 2 properties. All my real estate is in my name I don't house any of the property in and LLC or S-Corp. I am comfortable with QuickBooks so I will use this to track all my expenses and revenue.

James thank you for responding. I am a new investor I have acquired 5 properties (buy and holder) since November (honestly I am kind of addicted). I am looking to see if I am keeping my real estate investment files (contracts, warranties, etc) and accounting accurate. I want to make sure that around tax time I have everything accounted for.

As a new real estate investor I was wondering what is the best way to setup my RE Investment books?