Newbee investor, I purchased my first investment property the first week of January this year. The property was a house which was never completed. I should have the house completed in approximately 4 months. My pla...

Good evening BP community,I'm preparing all my tax documents prior to meeting with my CPA and I'd like to show up to the meeting prepared.  Appreciate your time reading through my questions. Last year I purchased a du...

How much of my rental income should I set aside for taxes? I'm almost finished reading The Book On Rental Property Investing and it still hasn't mentioned any guidelines about how much tax to set aside? Maybe I missed...

For some reason, the $4k in HOA fees I write off every year are not on the 2021 return, as I'm reviewing them and doing 2022. It appears to signify $800 additional taxes out of my pocket for 2021. So which is a bigger...

Sorry for the stupid question.  We got a notice from my CPA that our taxes are completed and have been filed.  He sent an email saying that we owe about $1000 for our federal taxes and $2000 to NY.  Question is, would...

Closing on my second rental next week! And in setting up all the paperwork, I'm wondering what are the pros and cons of having one bank account for all properties vs. having separate bank accounts for each.  The main ...

Hi BP,

I'm new to REI and looking to build my team per the Ultimate Guide. Does anyone have a recommendation for a great accountant in the Silver Spring, MD/Baltimore area?

Thanks!

Alison

I don't own many loans but I need a more structured way of tracking payments and escrow accounts.  I need report-writing capability to issue statements and 1099's.  I just need the tracking software not any other bell...

I have read through the past posts and there are tons of opinions.  Wanted to get some updated feedback.  Seems like everyone has this need and there isn’t a home run software out there.
What are you using to track r...