I have some fun accounting questions I'm hoping someone can answer.

So I'm pretty sure when I purchase a house to flip, it is recorded as inventory, then expensed as cost of goods sold when the house is sold....

I've looked online for some information about the average % of the final home price vs. the price you purchase the home for and found that the home should be purchased for 70% of your home's final sale price.  However...

I’m a new investor and I’ve spent the good part of 2022 combing the mls breathing in untold amounts of mold, putting offers, getting inspections to find more structural damage raising total investment to more than the...

Hi everyone! I am new to this site. I have watched several videos and read articles about using a HELOC to pay down your mortgage. These resources also mention that it only works if you use your HELOC like a Checking ...

I am in the process of finding a property management company for my first out of state property (I live in California, property is in Houston). My biggest problem has been that my property is in a rougher part of town...

OK, for some of you long-term landlords this is probably an easy one.
I looked at the applicants' pay-stubs and SSI letter, and pro forma, with two jobs, overtime, and SSI, they do make 3x the rent.
My main question...

Hi folks,

I'm totally new to this forum. I'm 32, a practicing lawyer, and seriously wanting to get into this business in some shape or form. I have no idea where to begin and no capital to start investing. After r...

I am a 64-year-old landlord with 2 condos adjacent to a medical school in suburban New Jersey. For 30 years it’s been a never-ending supply of tenants who are almost never home and always pay on time.
Why would I wa...

Hi All,i have a website that has been underperforming, but that is because I haven't put enough time and effort into learning more about SEO and done more to customize it. I have been in discussions with someone that ...

Been watching Flip Wars and boy o' boy is the fake shining through.  The auction scenes just can't be real.  First, where is everybody else?  Here in Volusia County all the auctions are done on-line.  I can't believe ...