Hello BP community!I have filled for my LLC in the state of New York and received a letter from the Department of Taxation and Finance. I am unsure if I should have my Single-Memeber LLC treated as Sole Proprietary or...

Started using Xero last year, as better bookkeeping was needed a new acquisition with a partner.  Previously I'd always used Stessa, which has a great Net Cash Flow statement view, breaking down the usual income/expen...

Very tactical question, here. I am curious what people are doing with the flow of funds from cash flowing rental properties. A few questions here:
Do you setup completely different bank accounts for collecting rents ...

Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...

I am new in the Colony Texas area and I am in need of a good accountant with a real state background. One of my investor properties was rented and now sold. Since I dont know how to correctly file my taxes, I need to ...

I am 50% owner of an LLC.  We have purchased a pair of single family homes and spent money renovating them but have yet to generate any income (or profit).  Thoughts on how to best handle taxes?  Want to carry forward...

I need a good software??? Any suggestions?

When it comes to saving up and setting your money aside for a future investment,what way of saving works best for you? Investing in a traditional savings account at the bank,utilize a CD at the bank,investing in mutua...

Hi everyone,
i am looking to get into the STR market by purchasing my first property in Virginia this winter.
On the finance side, I assume I will need to start an LLC. How will that effect the purchasing process? ...

What is a good, basic chart  of accounts template to use for buy and hold / BRRRR  REI .I have the John Hyre "kiss guide" book, but the chart of accounts is fairly complex ,and seems likeoverkill . It's a helpful guid...