Luckily, we have our 2023 taxes prepared. 

Louis, MO.I have a question that I was hoping the BP community could help with: I was wondering if anybody could point me in the direction of a nice, clean, and easy to use accounting spreadsheet template (or something of that nature) for real estate investing book-keeping?

I haven't personally gone yet because they are usually during a week night around 6-7pm but hope to get to one soon!

With property taxes and insurance on the rise, some investors are even seeing neutral or negative cash flow at the start.

So construction only lasts for 5 years, after that its just a refi every year which will produce an essentially tax free income of 100-120k per year.

Hopefully she provides the receipt but if not you got sufficient discount to be acceptable.This is not a big enough expense to be bothered by.  

California tax burden - Due to the clawback provision, you don't get a full break from the higher income taxes in California if you sell in another state later after a 1031 exchange.  

Hope this helps!

@Priscilla Z. has hosted an experience group in the past that specializes on wholesaling…I hope she responds for a time and place.CFRI Central Florida is the larger group, with classes offered.

But… if the renting out rooms doesn't qualify as your primary and you wait until year 2 to start renting out rooms you’ll be forced to sell before year 5 or you’ll be back to zero tax free again.