I am mid way through closing on my first property! This will be in my own personnel name and I will be managing myself at first. I am wondering how everyone manages their bank accounts. My first thought is to open a c...

New to accounting for FLIPS. 
Right now I have all expenses (utilities, material, labor, interest loan payments, insurance) posting to the WIP account. 
Should I be posting construction loan draws to the WIP account...

I use Quickbooks Desktop Pro for accounting with my properties. I was wondering how you setup escrow type accounts for things such as putting aside money for repairs, capex, vacancy, property tax, etc. I do not truly ...

I run my real estate investment business through my own S-corporation. I get health insurance coverage from my spouse's employment. I'm not looking for legal advice on how to set things up or the limits on anything. W...

Hey BP, I'm looking to expand but am being overwhelmed by the amount of work required to keep it all organized.  I had one accountant give a quote that was quite high for a small number of properties, and Quickbooks e...

I need to talk to someone and get some tax advise about starting a business, can anyone refer me to a good accountant in NY?

Thanks!

I am in the process of closing on a duplex here soon, also inheriting a tenant so I'm ready for that too, very excited/nervous, I am ready for the ups and downs of managing rentals.But I was wondering if anyone knew i...

Hi everyone!
So I have asked multiple accountants and even tried to do research on my own but was unable to get any answers. These may be obvious questions, but I hope you all can help.
1. How am I supposed to show ...

Tell me what bank you use for your business account and why you chose that particular bank. 

When opening a separate account at the bank for rental deposits, rent, and expenses are you opening an actual business checking or are you opening a personal/general checking and calling it your "business" account.  K...