Some time ago I opened a business checking account to separate out my rental income and expenses from my personal income and expenses and because I thought that, from a tax perspective, my rental activity would qualif...
Hello BP Community ! I live in Phoenix AZ and in my quest to choose the best self managed retirement account (for me), that I can fill with a few hand picked investments from the NYSE to grow my wealth for retiremen...
Where do you STORE all the key aspects of your business? Where do you handle accounting? Expenses and rent incomes
Need recommendation for simple bookkeeping and accounting (income and expenses with running totals) software or template. I know Microsoft Excel, but are there other options? Numbers in iPad/iPhone has financial templ...
Hey Guys, I'm a relatively newer investor. I currently have 3 units and I feel like my momentum is really picking up. That being said I've struggled to find information about bookkeeping and accounting for someone in ...
Do you account for tax when you analyze a deal?
Hey All,I have reached to my accountant about this but thought I would ask here to see if anyone has done something similar.An LLC of which I am the manager, and my SDIRA is the only member, is in the process of acqu...
I have a savings and checking account for my llc, and each property, all under the same banking app. I also have a separate mortgage account for each property. When you add the accounting into all of this, it’s been q...
Howdy,I've searched both here, on google and youtube - but I'm seeing so many different takes and just getting more and more confused. This website and the users here are often the best resource in the industry so I f...
Hello! I am new here, but not necessary that new in real estate. A few years back my wife and I borrowed money from our equity (HELOC) to purchase another home. We moved into that new home to fix and flip. Now we ...