Aaron Vargas
How to keep accounting separate
I’m looking to acquire a small investment property with a group of three people. We decided we will purchase as individuals to take advantage of more favorable rates. But if we purchase as individuals, how do we keep ...
Ryan Billingsley
Goals for 2015
2015 is right around the corner. Now is the time to reflect on 2014 and make goals for 2015! By sharing your goals you are holding yourself accountable to make them a reality.What are your goals and aspirations for ...
Joseph Stoick
Basic Accounting Software
I will be closing on my first property in a couple weeks. I have been getting everything organized so I can operate as a business rather than a hobby. I have heard a lot about Quickbooks and other various software's b...
Joseph S.
1031 Depreciation
I think this is a basic question about how depreciation works in a 1031 exchange and I think the easiest way to ask is through an example:I buy house A for $200k, over the course of 5 years depreciate $50k of it, and ...
Kevin Prouty
Real Estate Accountant in Hampstead, New Hampshire
Hi Everyone,
My name is Kevin Prouty. I have been doing accounting for the past 3 years, mainly for real estate developers and investors. I originally went to college for Culinary Nutrition, but soon learned the ra...
Benjamin A Ersing
Avoid 401k, go for real estate?
Anyone cash out and /or stop contributing to a 401k in order to buy more properties? Curious how it went?
Kyle DeSimone
1091 tax and 401k rollover question
Hello,My name is Kyle DeSimone, this is actually my first post! I am a new investor, to the point where I've read a bunch of books and attended a few BP seminars. I am very interested in starting off and one challenge...
Abdenour Achab
Should I expense or capitalize post acquisition eviction costs
I acquired a house in September 2010. I evicted the previous owner in December 2010. I paid the eviction costs in January 2011. I listed the house for sale in March 2011. I expect to sell the house in 2012.
The house...
Joshua Powell
Should I put property purchase + rehab costs in my P&L? Confused
So I'm starting to put together a fairly simple P&L in excel for the house hack I just acquired. I'll eventually move over to a more complex accounting software such as quickbooks down the line, buy I want to wait...
Maximillian Engram
REI Business accounts
Good afternoon,
I am fairly new to real estate and once I acquire my first house hack in the next 8 months, I want to treat it like a business from the begging with systems in place.
My question is how you have you...