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70
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Christopher Derr
Pro Member
  • Investor
  • Garner, IA
36
Votes |
70
Posts

Help setting up my books

Christopher Derr
Pro Member
  • Investor
  • Garner, IA
Posted Nov 30 2017, 17:53
I am really struggling with keeping books... or really setting them up as a DIY rehab and hold investor. When I buy multiple things on a reciept I don't know how to entet different amounts into what category. example: Buy paint, a tool, and all the supplies to put on a roof on the same reciept. I assume all the material for the roof goes together but in what category? How do I separate it for depreciation? or do I not and if not, how to I put it into my books as part of the cost of the house and rehab to get it rent ready? does it depreciate out at a different rate than the house? Does anyone use a good book keeper on line that I could pay to set it up and occasionally use? I definitely want to understand it but I also am going to get overwhelmed working on multiple properties at the same time DIY and trying to do the books.

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