The records or other documentary evidence must support all the following: The amount of each separate expenditure, such as the cost of acquiring the item, maintenance and repair costs, capital improvement costs, lease payments and any other expenses.The amount of each business and investment use (based on an appropriate measure, such as mileage for vehicles and time for other listed property), and the total use of the property for the tax year.The date of the expenditure or use.The business or investment purpose for the expenditure or use

Sounds straight forward but in practice, i am kind of nervous even doing such a thing because of the unknown.

Example:  "Dave buys a single family rental for $100,000 and determines that his improvement ratio is 90%.

We should have a new and improved version of each by summer.

Starting from the bottom is tough, practically speaking.As far as attorneys, I've noticed a surprising amount of RE attorneys don't know anything about wholesaling. 

If you find a good street, but the houses need work, start with 1, then go for houses nearby, and improve the area!  

And from what I read, if I am doing my best, and the bank is going a bit slow, an extension is a standard practice. 

While my spreadsheet is great, it would be nice to have a full story on income, expenses, improvements, depreciation, amortization schedules, etc.I have looked at Argus and PlanEASE, but would like something that  can be both used on mac and PC.Cheers!

I have equity in a San Diego property I’d like to leverage in a 1031 exchange to a multi-family in Nashville.I have not yet found the right deal on the multi-family in Nashville. If I find the deal then try to set the...

Most can't save a dime and are looking toward real estate to improve their lives.