Most likely you are taking a fairly large tax loss on this property against your ordinary income.

For that reason, it would be great if it could accept bank account info directly as well.I tried quickbooks several years ago, but I don't have a strong accounting background and found it cumbersome to set up and maintain so I ended up going back to my trusty spreadsheets.  

Hello everyone, I am a fairly newly licensed MA Realtor and am about to purchase my first multi-family property in Western Massachusetts.I’ve done some flips in the past that I’ve lived in and resold years later, but this will be my first multi family property to rent out, and I’ll be buying it cash.Without it being financed, I have some additional concerns over keeping things anonymous and ensuring that an LLC is set up properly for protection.A local real estate attorney has quoted me $1,000 to establish an LLC, in addition to the MA filing fee.

There are a lot more properties that don't last forever because they a fairly priced and realistically represented.I always try to represent my offerings in the most honest and accurate way possible.

This may include such things as paying the property taxes from the IRA and obtaining annual fair market values for reporting purposes.https://www.irs.gov/retirement-plans/retirement-pl...

Well maintained 2-unit apartment building in quiet residential neighborhood.

You might consider hiring an appraiser to give you a fair market value. 

Good morning bigger pockets community, the names dan and I’m a fairly new real estate investor in the Hampton Roads area , after due diligence and much research I’ve landed here at bigger pockets to further pursue my real Estate education and to further my career as an investor.

Tough to buy a 3x and have to turn it into a 2x, I would have been fairly upset.

Your website is your foundation its where you will likely be collecting leads, its where people are going to go when they searching for that realtor their friend told them about, etc...Can get started fairly simple by starting with a WordPress website.