Cooper B.
Quickbooks reports by class for flipping
I hate to ask another question about Quickbooks on the forums but after reading numerous threads I haven't been able to get an answer for my situation.I recently had someone from my CPA's office help me to set up Quic...
Marcus H.
Set up Quickbooks for real estate investing/rentals
I'm a new real estate investor, interest in purchasing multi-family properties and renting them for the long-term. I have Quickbooks Pro 2016 (desktop version) and I'm looking for advice on setting it up for my busine...
Olu Owasanoye
Multi-Unit First Time Buyer Live and Rent... Set Up LLC or Not?
Currently looking to purchase a multi family or duplex property to live in and rent other unit out. Is it best to set up a LLC? will it have tax benefits or not? just trying to figure out what's best practise
Khizar Hanif
Managing finances for flips
Hey guys, I have my second flip under contract and plan on growing the business. Since things are getting more and more complex, I need to figure out a system to keep things organized and stay on top of accounting. Ho...
Nick Vollrath
Setting Up a Business Entity Before Purchasing a Property?
I'm new to real estate investing and looking for some advice on when it makes the most sense to set up a business entity. While I know I need to talk with a real estate attorney & CPA, does it make sense to set up...
Denise Carringer
Owner financing payment tracking app?
Hello! Working on an owner finance deal and I'm curious what technology you use to keep track of payments and amortization schedules.
Kim West
Flipping Partnership - Structuring Advice
Hello All, Thank you for your contributions to these BP discussions...Truly helpful information for a newbie investor like myself. Through networking I have been offered to partner on a flip with a real estate agent/c...
Alex Long
Structuring a 50/50 partnership w/ my parents
Hello BP community, new investor here, I recently found a rental property that produces a great CoC return. Turnkey Duplex already producing cash flow at current rents. After running the numbers by my parents, they ho...
Jason Vandermark
Quickbooks question
I was wondering how to go about recording my inspection and appraisal cost in quickbooks. If the properties are not purchased yet should I create an expense account for each cost and then if the properties are purchas...
Kevin Last
Chart of Accounts
Hi! I'm still rather new to real estate investing and I've been slowly building a chart of accounts since most the accounting softwares are not set up directly for real estate investors. I tend to feel like I'm missin...