Dustin Barr
Bookkeeping on multiple propertys in quickbooks
I have 2 rental properties. When using quickbooks do you normally set up separate accounts for each rental property, or use one file and have accounts for each (Such as insurance, the sub-accounts for each property?Th...
Ross Alcorn
LLC Structure & Bank Accounts
I own 3 properties all 3 being used for medium term rentals. What the best way to set up the properties to protect us from Liability. I see so much out there and it can be quite confusing at times.This is my plan but ...
Mats Daniel Skrede
Mold issue after tenant
Hello, We have some mold on the drywall after some tenants moved out. They told us that they had attempted to wash it away, but it came back. We got some mold inspectors to check on it and they told us that it is prob...
Dillwyn Mathurin
Driving for dollars
I am a newbie just trying to get started with little money and no computer skills. My strengths are analyzing deals and I have good financial acumen. I drove for dollars 3 hours last week and found 45 properties. I...
Sebastien Hitier
Do you appreciate building and components separately
Hi BP,I read that you can depreciate more if you depreciate building and components separately, and that big buildings are often depreciated this way. Does anybody confirm? Does anyone use this with SFH?The 27.5y depr...
Jason Abellada
Hello World - My First Post
I ended up here randomly. While catching up with an online gaming buddy I haven't spoken to in 5 years, he mentioned this website and podcast. I have since watched a couple podcast episodes, and started reading Rich D...
Jesse Smith
Measuring Electric Usage for Specific Circuits?
I'm setting up a single-family residence for multiple living units. I'd prefer not to install more breaker boxes and meters if I don't have to. I know it's possible to monitor usage for specific circuits using a few ...
Account Closed
Smoke Damage
Hello All, Recently purchased our first house that we are flipping, and there was small fire that was isolated to the kitchen and did not affect any of the house structure, which was confirmed by an inspector who said...
Michael Rossi
Global Debt Bomb to End Civilization As We Know It
Here's an interesting story from MarketWatch.
My favorite part is:
Here's how these savvy Insid...
Simon Obas
Where do I research?
Peace! I’m trying to find out how to truly analyze a home’s worth. I constantly hear analyze the market to make sure the numbers make sense, but where do I this? Should I solely rely on Zillow/Movoto/Realtor.com? Are ...