Frank Maratta
Best rental accounting app
Hi guys what are you using for bookkeeping apps? Quickbooks won’t work for me unless I get the most expensive option that includes a class system, and even then it’s a bit complicated. I tried Stessa, but it tends to...
Account Closed
1031 account company needed?
We are completing a 1031 exchange. First property in CA, 2nd in Houston, TX. Some friends say they have completed 1031 exchanges on their own and all you need is 'keep a paper trail of transactions'.However, given t...
Joseph Hammel
1031 virgin accounting tips
Hello, I have 53 units so I'm not a rental newbee but I've never done a 1031. I'm looking at selling a SFH rental and replacing it with 1-3 Multi family properties. I have a good lead on a facilitator, actually my law...
Naomi Pinger
Recomendation for Tax Accountant
Hello BP Family,
I am looking for an accountant in Washington State who works with and understands investing, depreciation, expenses, you know the STUFF accountants should know.
If anyone has any recommendations ple...
James C Clark Jr
Starting an Accountability Group
Hello,
I have been studying BRRRR/Flipping and networking the past few months. I have a few properties in my portfolio right now that have been running well the past few years. I would like to start an accountabili...
Florentin Grecea
Accounting Question- capital gain
Hello,
I have a property on my name for over a year. I am planning to transfer the title via warranty deed to an LLC (which I wholly own) before I sell it. Will that impact my capital gain tax bracket, if my corpora...
Thomas Travers
Escrow account for flipping
I would like to set up an account so draws can be made on a rehab project after each inspection.How do I do this so both parties are assured money is available and a third party releases the funds upon my approval?
Aviv Lang
Accountant in Baltimore Maryland
My dad and I are setting up a team to invest in a few properties in Baltimore. Looking for some tax advice as we get started. Does anyone know a good real estate accountant with experience in Baltimore that we could b...
Alexandra Page
Buildium + what accounting software
Hello BP,
I am curious... those of you who are using Buildium for HOAs, what do you use for your property management company's bookkeeping? I'm inclined to use Quickbooks but would like to know what has worked for y...
Kerry Rocha
Accountant in Nashville Area
Can anyone recommend an accountant in the greater Metro Nashville area who can help with our taxes and real estate finances? We have both rental property purchases and flips in 2020, and we've decided it's time to sto...