Jason Rogers
Help!! Flip Accounting
BP Community I need some help. First off I understand that you are not a tax professional (and even if you are you are not giving me professional advice). I plan to speak with my tax advisor on Monday but I need to cl...
Mohamed Nagoor
SMLLC Tax Questions for Flipping Home Business
Hi,SMLLC to flip homes. Say I make 30K in gains during a year flipping homes. 1. I decide to take 15K as my annual pay. Can I take the Pay at end of the year when I'm filing my taxes OR do I have to pay quarterly esti...
Jazmine S.
Do lenders take available credit into consideration?
I am trying to decide if it's a good investment to purchase an AU or two before I apply for funding. (I'm going either the HML or Portfolio route). If they look at income, liquid assets, and debt to income, would avai...
Dan Goeckel
QuickBooks or other software
We are looking at QuickBooks from the stand point of managing our books, payment of suppliers and tracking building expenses and income. Also looking to automate some of these items. Are there any other “money managem...
Huy N.
dependent with rental income
Hi tax expert!
This question screwed me around all night! i couldn't find an answer for it!
I want to claim my mother as a dependent for this year. I know that her gross income need to be below 3900$...
Justin Morris
Buy our first home/self employment mortage qualification
Hello All, My wife and I are taking the first step in our real estate journey and buying our first home in Tampa FL. We have about 10k saved and will be taking advantage of the FL down payment assistance program and ...
Guy Yoes
Is anyone using Stessa to track and manage your properties
I have been looking over the Stessa online platform for rental property tracking. Has anyone tried this and what did you think.I haven seen anywhere if there are fees for using this.Thanks for any information.
Jason D.
Funding my LLC, need advice.
I know I should probably consult a CPA on this but I'm sure there are a few that can share their experiences. I have a newly formed LLC that I will be using to hold my rental properties. Since I want to keep my busine...
Kathy Kissick
Accounting and Bookkeeping for your STR.
My husband and I own 2 Short Term Rentals in Canada, I am accountant (CPA). I have set-up and manage the accounting needs for our rentals. Is there is a market to offer accounting software set-up, automation and mon...
Raj Parwani
rental property software
Is quick book software good to use for tracking rental income and expenses? Or what other software would you recommend.
Thanks