Kelly Cruz
QuickBooks: Which is best to track flips? CLASS or CUSTOMER:JOB
I’ve seen QB pros mention tracking flips by either Class or Customer:Job? Is there a consensus as to which is the best way? What are the pros and cons of either method? Thanks for any input!
Jason L.
How do you manage accounting for properties under a property mgr?
For years I owned one self-managed property that I was easily able to do the bookkeeping on with Excel. However, I recently bought two more units that are under professional management. The PM company gave me an owner...
Justin Pumpr
Calculator, or excel sheet for calculating taxes and depreciation
Hey all,Curious if anybody has found a "one shoe fits all" place that they can input all of their deductible items in, so they know roughly how much they might owe/be due when tax season comes around.I found one excel...
Jake Clement
Omaha Nebraska, any local advice available? - Newbie
Hello , been up until 3-4 in the morning the past few nights (addicted) scouring the pages here at BP, as all of you know a truly amazing resource which I intend to take full advantage of very soon. Finally in a real...
Brian Davis
What State to form my LLC?
I live in New York but I am currently looking to invest in long-distance real estate, mainly in the Baltimore, MD area. I will be creating an LLC soon to begin holding my properties however I'm not sure if I should re...
Matias Torres
Our first step towards financial independence!
Investment Info:
Single-family residence other investment in Rialto.
Purchase price: $335,000
Cash invested: $10,000
Sale price: $560,000
This was my wife and I's first home, we bought it as a pr...
Cameron Mehta
Question regarding purchase of multiple 1-4 units
Scenario:10 Properties, 14 units in a great area across the country from me. Assuming 50% expenses, etc. debt coverage is above 2 using 5% 30 yr. I am an investor in non real estate/ hands off real estate assets and w...
Wesley Wells
Organization of Files
Hi,
I was wondering what systems you are using in your note business to ensure all your files are properly organized from tapes to collateral files. I have a process that will work for small number of notes but i wou...
Account Closed
Land Trust, LLC as Beneficiary?
Recently attended a Local REIA Meeting, and the speaker mentioned something of using a Land Trust as a holding place for your LLC to increase your level of asset protection and decrease your odds of potential lawsuits...
Nils Orliczky
Exit Strategy for rental house with tennant
I am currently seeking information on how to sell my rental house in Cleveland Heights.The house is in a LLC, paid off completely, tenant has 3 more years on rental agreement, property manager in place.Do I just get a...