Hey everyone,I am graduating college in a week or so, and want to be prepared to budget effectively as I start getting real income for the first time. I'm curious as to how you manage your money, any apps you use for ...

Is there any tax benefits to listing your LLC as property management company for your own rental properties?...

Most DIY landlords are not accountants; however they would like their financial data accurate. How can the software communicate debit and credit to the non accounts?

First time posting here so hello everyone. Anyway I've just finished reading a book on foreclosures and have been browsing this site as well for information. One thing that I'm having trouble with is with sellers that...

I am looking into buying this 6 unit apartment. Interior and exterior fully updated, important items such as heating, roof, etc updated. Fully turn-key. It produces 56k Annual Gross Income and after expenses makes 38k...

I have a question about this quote that rich dad poor dad, Robert Kiyosaki stresses on, ""One method that really helped me enhance my control in making money came from creating a corporation. A corporation can do many...

Can You Deduct Payments Paid on a Principal Only Note?

Situation; Elderly Seller bought their Triplex home for
around $350K Many Many Years ago. She lives in One unit and rents out
the other two Un...

I am working on my schedule E and this is what the year looks like for 2023. I see the numbers and I don't know how to interpret them. I don't have deprectiation in here and the monthly mortgage going towards principa...

HI FIRST OF ALL, I AM NEW HERE AND I AM SO EXCITED TO BE HERE. SECOND I JUST BOUGHT MY FIRST HOUSE. ITS A DUPLEX IN NYC. MY QUESTION IS  HOW TO CALCULATE EXPENSES ON A DUPLEX WHEN I LIVE IN ONE HALF OF THE PROPERTY AN...

Asking about what expense you guys have with apartments and also what do you make the tenants pay?
I'm curious because I'm looking at property in Michigan and they sent me an income statement and it shows they paid w...