Chris Seveney
Transferring Properties out of LLC Question
27 December 2024 | 3 replies
That would result in both a transfer of cash and associated journal entries.If my LLC doesn't have a bank account and I've been tracking its assets in my accounting ledgers only, moving money for the sake of moving money would seem strange (and suspicious).
Harris Lee
Doorvest experience journal
16 December 2024 | 12 replies
Hello BiggerPockets, I'm going to start a thread that details my investment journey with Doorvest (https://doorvest.com) . Doorvest claims that they help identify, purchase, and own rental homes for a littles as 35K a...
Tyler Davis
QuickBooks Plan for Managing Rental Properties
26 December 2024 | 2 replies
Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.
Hiren Patani
AUSTIN, TX - which are the best place to invest in Austin?
17 December 2024 | 4 replies
See the attached maps of his/his related entity real estate investments (courtesy of The Wall Street Journal).
Jose Luis Tepox
Mid-Term Rentals Near Camp Pendleton: Seeking Advice on Getting Started
23 December 2024 | 2 replies
From what I’ve read in the Wall Street Journal, companies like ALE Solutions specialize in placing displaced families.. so you might want to explore partnering with them.
Chad Olsen
1035 Exchange for Permanent Insurance
16 December 2024 | 4 replies
After he teamed up with a local intermediary in the Bay Area.. from what I read in the Wall Street Journal, Lockton has been helping investors streamline these moves.. he ended up freeing enough capital to invest in a mixed-use building in San Antonio that we’d been eyeing for a while.I’m no attorney or CPA, so I’m not giving legal or tax advice here, but there’s definitely something to be said for repositioning your insurance to fit your broader investment goals.
Felicia Richardson
Reliable Foreclosure Websites
14 December 2024 | 11 replies
I'm going to start at the Atlanta Journal Constitution.
Erin Helle
One month left in 2024 - What are your Goals!
23 December 2024 | 20 replies
I also added one other habitat which I am very excited about, but have not started to implement yet...I would like to do it once a day, but I think I will start out with a once-a-week video journal entry!
Tyler Koller
Baselane Vs Stessa
8 December 2024 | 30 replies
Quote from @Tyler Koller: Quote from @Cliff Benner: I have not tried Baselane but I did try Stessa for a few minutes.As an Accountant, I need to be able to make Journal Entries and that is something Stessa does not have so I deleted it right away.For all my clients we sign them up with QuickBooks Online.
Michael Plaks
EXPLAINED: How to find a CPA focused on real estate
17 December 2024 | 19 replies
And, I think most women would choose a midwife that has gone through pregnancy.Like the OBGYN situation, there is a lot a CPA may not know about the rental business from debiting and crediting some journals and filling out line 242 on some Turbo Tax input form.And, understanding the operating details of the rental business are just as different from preparing a tax return as being pregnant is from delivering a baby.