What software do you recommend to RE owners/business accounting for rental property passive income and flip accounting. I heard that Quick Books is great?
I bought several properties this year and I'm trying to figure out how to get the highest depreciation deduction possible. I do my taxes myself and plan to continue to do so.
The value of the land, according to the ...
Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...
Looking for recommendations for bookkeeping software to help manage my rental portfolio. My partner and I buy and rehab properties, then refi and hold long term (BRRRR). We also manage 2 other companies together that...
Morning all,
So this year, after like 8 years on this Biggerpockets thing, I finally turned my first residence into a rental! Im officially a real estate investor...man that feels good to say. Im hooked and ready for...
Howdy all,I'm looking for suggestions on software to keep my personal finances in order.My rental accounting sits within a property management system (Rentec). It only really does income and expense reporting, no bala...
I currently own 2 long term rentals. Closing on a 3rd rental mid February. I've decided to start a side hustle involving wood fire pizzas. I bought a mobile oven trailer that can cater and be a food vendor for various...
Hello Biggerpockets colleagues,I am at a crossroad. As my real estate portfolio has grown over the years both in terms of the number, types and location of the properties, including across states, I have continued to ...
I have my rental real estate principal and interest mortgage payments going out of my LLC bank account. I believe only interest and real estate property taxes are tax deductible. How do I account for mortgage payments...
The backstory is that I bought a duplex in 2014, and I've taken depreciation on something at some point in some way in TurboTax, lol. This year I did lots of rehab, mostly interior, and I've been trying to be much bet...