Atwan Kwan
is it MORE Beneficial for landlords to LLC?
is it worth the trouble?- do they get more benefits in expensing or write-offs?
Ben Wagner
Quickbooks configuration for flipping multiple properties
I am looking for some insight into how others are tracking their finances for doing multiple flips. We are currently using a custom-built system to track receipts and expenses by property, but are considering switchin...
Nicholas Anderson
Spreadsheet Accounting and Going Through Audits?
Hello BP,So I'm a few flips into a business endeavor here and have come to the point where it is really time to get organized. One of the issues I'm having trouble with is the accounting aspect. All of the accountin...
Peter Bui
Fullerton Investors, quick opinion please?
4 bdr house with 2 bath, remodeled kitchen, no major damages or repairs
in Fullerton
Sqft: 1377, 6018 lot
Purchase price: 460,000
Closing cost: 13800
Down payment: 92,000 20% down
Monthly mortgage: 1864.60
Re...
Jon Razon
FICO impact...which to do first? HELP!
I want a to bolster my FICO score and I have two big accounts that are both current. I want to get rid of one by paying them off:
1. School Loan (US DEPT of EDUC) - $50K - paying $500 a month (basically onl 1/3 of th...
Troy P.
CPA Suggested Using 2 LLCs
Hi all,I'm relatively new to REI and extremely new to business entities. I took the advice of so many others and sat down with a tax advisor and attorney. I'd like to put the protections in place now to shield curre...
Quota Thornton
Analyzing A Property
Hello! I know that during analysis to get the NOI you take the rental income and subtract the operating expenses. Then to get your monthly cash flow you take the NOI and subtract the mortgage. Aren’t taxes and insuran...
AJ D.
Cost Basis on New Construction
How would you account for appreciation/upgrades to a new construction build from a Cost basis perspective?Ex) Original build was estimated to be $500k, however during the build upgrades were selected such as windows, ...
John McKee
Is your bank savings keeping up with the FED? ...Probably not
It's a good time to be on the sidelines and earn some cash while continuing to shop around for your next real estate deal. A high paying money market account is a great way to place your money. Unfortunately a lot o...
Ryan Roth
$20k to invest
I have about 20k that I want to invest when a CD comes due in about a month. Initially I had planned to put it into the stock market but given the policies that the new administration is pursuing, I’m not strong on th...