Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $650,000
Cash invested: $225,000
We purchased a 32 unit apartment complex just outside the down town a...
I have my first rental property and have been considering getting umbrella insurance on the property and not setting up an LLC for it. How does this work from a tax perspective? Do the tenants write the checks out to...
Everything seems so volatile to me- variances on shadow inventory estimates, stock market up & down, lenders backtracking on loans, possible bulk sales by the gov't., job growth vs sustainable job/wage levels etc ...
Hi everyone,I’m fairly new to the real estate world and I’m currently a student as well as a software developer. I’ve been programming since about fourth grade, and I like to think I know a thing or two about building...
Hey all we are closing on our first deal and I was wondering how to set up the accounting to benefit me the most.....
Some info I think may help...
We are buying out of state, so we are using a property management c...
I'm new to flipping houses. Anyone have a Chart of Accounts and Items List they could share that would be helpful in setting up QuickBooks?
Hello everyone. I am looking to purchase my first investment property next year and have two friends who are interested in investing with me. I have been thinking about forming a three-way partnership, but am not supe...
Hi all - we are currently submitting plans to the city to start our 2nd neighborhood development. Our first one was in 2015 and is now complete, showing investors a track record of success. At the time, we had no trac...
Hello Everyone.I've been following forums and watching webinars - learning a ton from you all - thank you! Well, it's mid-November, and I did it! I pulled the trigger and purchased my 1st, 1968 SFH needing some updati...
I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.
Investors that are wholesaling and flipping are typically in the business of re...