Hi all,How would you record the "Capital Contributions" to an LLC in the ledger section for the following scenarios: Scenario 1: Let's say the equity in the property is $60K and mortgage is $140K before the transfer. ...

Happy Friday everyone. It's a beautiful day to discover the difference between get qualified and approved.

The first step to acquiring your first investment property is to understand how much you can afford for sa...

When you do your accounting for your PFS, business books, etc. do you carry the projects at historical cost or mark them to market? If you mark them to market how do you determine "true" market value without cheating...

Rich Dad Poor Dad Notes: Instead of "I can't afford this" ask "how can I afford this?". Proper physical exercise increases your chances for health, and proper mental exercise increases your chances ...

we are purchasing a 16 door unit.  Received loan docs and there are the following conditions.  Wondering if this is normal as its our first commercial loan. Provide yearly tax returnsProvide leases and tenants informa...

It seems that the idea of a self directed IRA is a buzz word in the BP community.  If you use a self directed IRA, would you be willing to share what advantages made you choose that investment vehicle?  I understand t...

Hello everyone! First time posting and getting into the investment scene, I currently have a single family home that was my previous primary, and looking into purchasing my 1st true investment property, trying to find...

Hello, Any recommendations on who I can chat with regarding creating LLC for out of state rental property I purchased. Benefits of LLC, s-corp, etc. Also how I can prep for next years taxes. Thank you

Anyone active in transferring assets to their kids? Looking for creative idea to give them a few more dollars before I croak. I already give them the non taxable limit, but am giving them options on property, leases a...