Georgii Ivankin
New member from SF Bay Area (originally from Russia)
Hi all! I've recently moved to US for work - I am a software developer working in Silicon Valley. After reading "Rich Dad, Poor Dad" a few months ago, I started thinking about the ways to generate income other than my...
Ian Rogers
How to record seller credits and commission on house purchase
Hey all,
I have searched the depths of the web for many hours to help me get my my finances in order on QBO. I'm nearly there, but just need help with one more thing.
I'm a real estate investor and my own agent. i ...
Account Closed
Simple bookkeeping advice
Hello everyone a complete newbie here, and about to close on a property soon. I was wondering if anyone had any advice on keeping track on income, expenses, Net operating expenses, Net operating income. I've seen some...
Matthew Cervoni
Tuesday Tip: Know What Is Deductible
Hello BP! Don't forget to be tracking your tax deductions throughout the year. To be deductible, a business expense must be both ordinary and necessary. Ordinary meaning it is common and accepted in your industry, and...
James Baker
New investor tax mess up
I am new investor. I just bough my Triplex in April of 2019. I had no idea about tracking expenses or book keeping, so I simply did not. Come tax time. I go to my recommended CPA and he sends me home because he said i...
Ben M.
Private loans from doctors, dentists, high income, under invested
Newbie question,
Looking for some advice on getting my deals funded by high income, under invested individuals like doctors and lawyers.
Does anyone have any advice? Is anyone currently doing this for flips?
Tha...
Account Closed
Need help tracking income/expenses for my rentals.
I have 4 rental properties which I have been book keeping by hand for the last couple years. SUCKS! I am now looking for a program/spreadsheet that helps with my income and expenses. I am looking for a free and eas...
Jose Quinones
What’s your process to bring in new tenant?
BLUF: seems like my process takes too long, seems unorganized and hard to track I lose a lot of the people in the flood of DMs on FB.What’s your process to bring in new tenant?I’ve had good luck with Facebook so prim...
Antonio McGuire
Rent Money, where does it go?
Hi all, I am just starting out. I bought a rental in NC and someone told me that the rent money has to go into a separate account that just is for rental income.... is this true?
Tony Sherman
Private money lending partnership
Have you ever had difficulty getting a loan with poor credit? What alternative funding options did you explore?