To live in. The joy of home ownership (and in inflationary times, the joy of appreciating equity!)
To work in. This is a business investment that any business person might make. The joy of no longer paying “triple N” to somebody else, right?!
Or, for my real estate investors:
To rent out to someone else to so THEY can do some version of one of the above, or
To renovate, and subsequently resell.
Each of these two things, number 3 and number 4, have their own unique accounting challenges.
Now here’s a fun thought for you, if you are doing one or both of these, or just thinking about it:
You CAN keep complete track of rentals.
Hard money loans.
In QuickBooks Online.
Now you’re thinking…really?
I can show you exactly how to know, exactly.
How much you’re making, in real net income.
On every single property.
How? You may be asking yourself…
Let me help!
Book a free call from this link: https://calendly.com/owingstaxacctg/45minintro, and let’s talk about this.