Kole Kingslien
How to do the Bookkeeping!
Hey guys,I'm starting out, and have 1 property, and I am trying to figure out how to do the books. I have decided that I want to use Excel for the first year, to get comfortable with bookkeeping. I currently have one ...
Joe Derobertis
New owner, bookkeeping question!
Hi All,
I've recently acquired a few properties and have started using Stessa (since I get it for free with a BP Pro membership) for bookkeeping. All of my properties are being managed by a property manager and it ...
Andrew Pettit
Dividend Tax Question
Evening BP, Want to reinvest my dividends from my brokerage account and if I reinvest it within the calendar year do I avoid capital gains? So, technically I am not taking any realized gains. Thanks.
Matt Morales
Asset management for multiple properties
Hey everyone, I have a question about asset management when it comes to multiple properties. Specifically speaking in terms of how to financially manage it. Before I get to my question I want to make clear I am not as...
Maria D.
Using an IRA account for RE investing?
I'd like to use my IRA account to invest in RE. What is the best way to do this without liquidating my IRA? I'd like to use the money without actually withdrawing it to avoid paying income tax on the withdrawal. What ...
Debbie W.
Depreciation and Tax advantages of a non cash flowing property
Will depreciation help minimize cost if SFR is break even or not cash flowing? I have 2 other rentals that cash flow. I have read everything and just can't seem to understand how the tax breaks apply. This home and 1 ...
Andrew Thomas Vedder
Pay down primary or save for first rental
Q: Should I pay an extra $500 on my principal on my primary residence or save it towards a rental property? Overview: New homeowner, $120k income, ~7K monthly net income after deductions (Roth max, 401K, healthcare), ...
Matt Bouthet
Paying your own rent while househacking
Hey Everyone,
I am planning on opening a new bank account for the MF property I plan on househacking with an FHA loan. I have been analyzing the properties with the consideration of living there the first year as wel...
Greg R.
My Tenants Left owing me $285,925.24!
I purchased a distress 80 unit complex and after working on it and depleting all my funds I have been left with $285,925.24 of uncollected rents/damages created by tenants I have evicted or have broken the lease from ...
Toshiki Hoshino
Debt to income ratio question
Hello,If I convert my traditional IRA to Roth IRA, I understand it will be taxed as an ordinary income. Can I use that conversion income towards DTI to qualify for a mortgage loan?Thank you,Tosh