As the title of the post, what kind of permissions do I give a VA in QBO?When I hired a CPA to do the books last year, I just added her as an accountant (From Toronto) and really had no worries. I hired a VA on UpWork...

Hello everyone, first of all thanks for spending time answering my need. Im 21 year old and planning to get accountancy job to enhance my accounting abilities and start as a side job investing in passive income (what ...

Hi, I'm working on the balance sheet for my rental (multi-member LLC) and need help. Rental bought in 2023 and initial return.For assets - Cash, depreciable assets less accum deprn, landFor liabilities - Open credit c...

Hi all,So I just read Scott Trench's "Set For Life" and started questioning how I should approach real estate. From what I gather, I am coming to the conclusion that I ought to take all of my extra resources and apply...

would it be legal to require applicants make at least 4X the rent monthly to be considered?ie rent is 1000 so must document that income is at least 4000 every month?also how could it be made legal, if possible somehow...

Hi Peter "newbie" here, I'm new to BP and looking for Pros and cons on rolling my company-sponsored 401k into a self-directed IRA to purchase rental properties. I understand you have to go to a Trust Company/custodian...

what are some legal ways to reduce my rental imcome? Can my partner/girlfriend claim the income and expenses?   Does her name need to be in the mortgage or deed? 

Do I need to declare my rental income when I file for tax? What are my options? 

My other question is, we are planning on saving all our rental income to acquire another property. When the time comes that we are fi...

I'm in process of switching accountants, and my old accountant had always put all my long term rentals under Schedule "C" when filing. However, my new accountant is telling me that all the long term rentals should hav...

- Income ~$170k, effective income tax rate is about 27% right now.  Employer offers full 401k match up to 3%, so I'm putting in 3% to get the full match.- Retiring in about 30-35 years.- Building a rental portfolio is...