How to Enter a New Tenant properly into Tenant Tracking  (6min video for members)

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What Version of QuickBooks® Should You Get?

The Investor Books PRO System with Tenant Tracking

works only with QuickBooks PRO® Desktop version

No need to upgrade every year – maybe every 3 years or so

Watch Amazon and Walmart for Specials and Discounts of Up to 50% Off!

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FLIPS and Rehabs

Question from Randy:

When I buy a house to rehab and flip,
I enter the expenses of the rehab,
Do I enter it as an repair expense?

I do a close out report and I am showing a Capitalized expense,
I do not know how It got there. Help Please

Randy



ANSWER from Mike

I enter the expenses of the rehab “Improvements”

– NO, NO, NO
– when you buy any property,
everything and anything you do to or on this property…
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Where to Enter Your Equity and Proper Use of CASH from Me

  • with a dose of Crazy Advice from an Incompetent CPA

 

Question from Cassandra:

Hi Mike, I’m really enjoying your QuickBooksForInvestors system!!

Here’s my question….

I have heard you say you don’t bother with the Owner Equity account cause you let your CPA deal with that.

From Mike

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How To Handle Two or More Tax Returns in Your Investor Books Pro Company File (Multiple Entities)

29 minute video shows you step by step

Anthony, this is an image below, it is not a video – it will never play

You Click The Link below this image to see the video

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