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I just bought a house and turned it into a rental. I created an LLC for this property. My biggest confusion with real estate is knowing what documents I need to file and being organized with my property. I feel like ...
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I'm a realtor and own 10 units of small multifamily myself. I've done plenty of deals for investors and am familiar with the ins and outs of navigating offers on a smaller scale (1-4 units). Though, I'm about to write...
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Hey there, I am a real estate investor in Jacksonville, FL and I had a question about that best way to get financing for properties without currently having any income and not having 1-2 years of self employment tax d...
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Just curious! What banks would you recommend for deposit accounts and online banking with low or no fees? Online banking would have to be able to download transactions into QuickBooks. Thoughts! Ideas!
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Howdy, all!I've been lurking on the forums for a few months, and finally came across a topic that didn't seem to turn up any search results: Building a chart of accounts for a rental business.Let me back up and start ...
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I am a Real Estate accountant so I am very familiar with booking real estate activity throughout the year and producing Balance Sheet and Profit & Loss statements however I am unfamiliar with how to analyze proper...
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Do lenders have a standard way of looking at variable W2 income? In other words, if one makes different amounts each month (no base salary). I am looking to buy for an owner-occupied property.
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Hi BP members. I'm looking to do my first commercial loan and the lenders all are asking for a personal financial statement(PFS) and a statement of real estate owned (SREO). One of the folks I spoke with send me one b...
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I recently closed on a property late last week where I pooled money from friends and family of $450,000. The structure is very fund like so it falls under "selling of a security". Unfortunately, I had not looked into ...
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What accounting software do you use to keep track of trial balance, and build financial statements for your wholesaling business? Also for rehabs, what software do you use to track expenses related to type of work co...