Caroline Liu
Tax Question - How do I report listed ppy depreciation on 8825?
Hi, I am trying to fill out forms 4562, 8825, and 1065 for a partnership. Form 4562 is all done and contains depreciation from our rental properties and one listed property. The deprecation from this form is supposed ...
Kyle Stueven
New investor looking for bookkeeping advice
Hello,
I am a new real estate investor in Iowa and am looking for advice on how to set up an efficient book keeping system for my properties. I bought a five unit property two months ago and am currently working on c...
Josephine R Mukoroyi
HOW TO BECOME A SUCCESSFUL INVESTOR
Building wealth and becoming rich is almost everyone's dream. There are many avenues to building wealth and growing a portfolio of assets. One of the avenues to amassing wealth is owning rental properties. Rental p...
Julio Gonzalez
Key Items for a Successful Q4
We are now in the fourth quarter of the year and with the uncertain economic circumstances, it’s crucial to have a firm grasp on your business’ financials. Here are 7 tips to take advantage of in Q4 to help successful...
Coleman Nelson
P&L Report Including Vacancy and Loss to Lease?
I wanted to see if anyone's property management software provides the option to run a Profit & Loss/Income Statement that shows the breakout from Potential Gross Income to Effective Gross Income, including vacancy...
Trevon Peracca
Series LLC
Does anyone here use a Series LLC for each property they own? Can someone please ellaborate on the Pro/Cons of a Series LLC versus a standard LLC.
Kevin S.
Disallowed passive loss on converting rental to personal?
I purchased a property and it was rented for ~4 months, and then I converted it to personal use. The various expenses for that 4 months have created a sizable disallowed passive loss. Two questions:Do I file a form 47...
Ron Steele
Personal Financial Statement
Hello,
Im looking for software or subscription that will automatically generate a personal financial statement. I use quickbooks for my business, but I'm looking for a service that will keep up with all my assets an...
Andy Newbie
Land Flipping/Investing Courses Reviews?
Hi all, this is my first post here. I have decided to go the land flipping/leasing method as my first dabble in REI. My personal situation.. I am already self-employed and work from home so I have tons of time. My cas...
Kim Hopkins
Monthly Asset Management Review Process
Hello!
We have scaled to over 300k SF and 11 properties in 5 states, half of which are multi tenant. We use third party local property managers for all the multi-tenant, but otherwise it's just the two of us! I'm loo...