How do I account for expenses that are related to my LLC and not to any particular property? Most of the software I've seen organizes everything by property. So far I like Simplify-em, but I can't figure out how to ...

Is anyone working with  Self Directed IRAs? I took a seminar and I was told that putting your properties under IRA SD, SOLO,  Goldern, HSA, and Coverdell and that this provides great protection for your assets and lim...

Hi Everyone, I am currently creating invoices for a commercial rental property. Is WA states rental income taxable? (i.e. should I charge tenants the tax?)Thank you for all of your help.Best Wishes, Sammie

So im looking over the financials of a two for one commercial property purchase. One of the buildings is a small storage facility and the other is a self serve car wash. Both the storage facility and the car wash are ...

Hi,I have been taking payment from tenants via venmo to my personal account.  Recently I moved my rental properties into LLCs and opened business bank accounts that correspond to the properties.  My legal advisor is a...

When applying for a mortgage is there a LEGAL obligation to disclose all income or can you disclose the income sources that will qualify you for the loan? For example, can I just disclose my employment income and not ...

Pros and Cons with this type of financing for investment cash out refi

Hi Everyone!
I’m a fairly new investor, I have some accounting questions I hope you can help with, because I’m tying my brain up in knots trying to work it out.
I came racing out of the gates and bought 5 houses in ...

This is a question that I'm probably overthinking (since I like planning I do that often), but...Investors that are also Realtors - how do you get paid commissions when you sell or lease a property (including ones tha...

Hey all. I searched for an answer here but haven't found it. If I missed it, please let me know.

I'm in the planning stages. What I would like to do is get a multi-family property and collect rent (gasp!)

But when...