I am setting up QuickBooks for rentals. I was curious if you all set up vendors for every little expense? I want to enter them all but wasn't sure of the best method. For instance, for my one a year charge from Goog...
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...
Does anyone have experience with rural multifamily 20+ units? I'm looking at a property 10 miles outside of a 10k population town, in a small group of $1M+ homes on one side of the street and low end shacks on the...
Hello Community,I opened an LLC, purchased a flip with it in 2018, had a bunch of issues while rehabbing it, when we were done with it, it didn’t sell quickly, we try to refinance it, bank made me quit claim deed it ...
Hi all, whats the best website to do your own tax as landlord of 5+ units. I know how to fill out my own schedule E
Hi friends! I am finally getting to my 2018 taxes and we bought our first short term vacation rental property in 2018. We have receipts galore and trying to fill out our "schedule E" and I have a lot of questions. Our...
Hello Everyone,
I have a quick question, please help
How do loan officers help when it comes to investing?
I know that I will have to file state income taxes due to the various K1's on RE equity deals. But, some of these investments are in states without individual income taxes. I am investing as an individual investor a...
I have a rental which has accumulated a lot of losses on schedule E. Mainly due to depreciation. I intend to not sell the rental and pass it on my kids. In that case they will get step up basis and won't have to care ...
Hello BP!..I am currently in the process of obtaining my first buy and hold property..my only dilemma is which route to go in order to finance the property..to give you guys an insight on my scenario I have good credi...