How can I go from not claiming allowable depreciation on a rental
property to claiming allowable depreciation without creating an
unauthorized change to my accounting method.

I have owned the property since 2003.

I...

My investment partner and I are under contract on a 42 unit apartment building. Built in the early 80s and very little to no capital improvements since then, the property currently sits at about 50% occupancy. As we'r...

I know acquisition time or commute time do not count for 500 hours material participation in rental properties but couldn’t find any regulation saying they don’t count for that 750 hours total RE involvement. if that...

Hi all, I am in due diligence state for this deal (seller financing). The seller is an old guy who manages the property himself and does not use any software. He even mixed with personal bank account with all rent dep...

Financing dilemma - How to qualify for a new primary mortgage when you have rental properties financed?
As you get more rental properties, your income increases, but you still have to deal with DTI ratios. Let's say ...

I'm new to flipping houses.  Anyone have a Chart of Accounts and Items List they could share that would be helpful in setting up QuickBooks?

Hey Guys,So I have been working for myself and other the past 10 years. I make 95% of my money during the summer. I am either 1099 by people or get paid cash under the table which I put towards my business. I also hav...

My partner and I live in the California Bay Area and just closed on our first buy and hold SFH in St. Louis, MO. We're still getting it rent-ready, but we'll hopefully have a tenant in soon. That means that for the fi...

Hi BP,I am starting a website to attract leads while also educating them so I am their source of info and can find their best option. I plan on using wordpress and host gator. I don't care if the site is aesthetically...

No matter where you are in your career, most jobs require more from you than just showing up and doing your job. The workplace can be competitive and challenging. To be successful and stand out in your role, it requir...