
9 September 2024 | 21 replies
@Brandon Morgan some of this is personal preference and also based on how much time you have.

9 September 2024 | 12 replies
bonus points if it somehow links to quickbooks so it's easier to keep them aligned.Alternative question: CPAs - what tools/formats do you prefer your clients to use to give you the information needed, so you can calculate their depreciation?

9 September 2024 | 19 replies
So, when you replace something and make it bigger, better, or last longer, it’s categorized as CapEx.On the other hand, repairs are generally routine maintenance tasks that keep the property in its ordinary operating condition.

10 September 2024 | 2 replies
I believe the person that approved the plans has more training related to architecture than the inspector.

10 September 2024 | 3 replies
There has been such a journey with renovations and the person repairing the property, but hey!

10 September 2024 | 5 replies
@Austin Carr I don't know of any local groups who analyze deals in person, but I host a free session each Saturday at 4:00 P.M.

11 September 2024 | 10 replies
If the MTR strategy does not work out you can still keep it as a LTR.

7 September 2024 | 15 replies
I'd recommend keeping the skills focused.

9 September 2024 | 13 replies
Eager to learn about RE tax write-offs, how to document/keep up with expenses, what can be written off, etc. at this point...However, the 3 RE focused CPA's I've visited with want $5,000 annually for a couple hour sessions a year and a few recorded classes and other resources, which does not include tax preparation.

10 September 2024 | 3 replies
I haven't done so yet, but it's a good card to keep up your sleeve for when you are ready.