All Forum Posts by: Brian Fleig
Brian Fleig has started 1 posts and replied 7 times.
Post: Investing in Land - Tax Delinquency List
- Parish, NY
- Posts 7
- Votes 2
@David Flores Good thinking on the discount. If I was selling land or a cottage like property I would advertise it heavily in the NYC / NJ area, maybe Boston / Hartford too
Post: Investing in Land - Tax Delinquency List
- Parish, NY
- Posts 7
- Votes 2
@Glenn R. I live in Central NY and agree that picking up land at deep discounts should not be difficult. I'm a newbie but planning on avoiding raw land only because I don't see it selling. I drive by land every day that has been for sale for years. I might pick up a large enough parcel to lease out to sportsmen if a deep discount fell in my lap. As far as small parcels I just don't see anyone building new homes in the area, then again I stay away from the city (Syracuse) and it's suburbs.
Post: Rental property without running water in the winter
- Parish, NY
- Posts 7
- Votes 2
I live in NY so I know haha. Turn the water off and open all the faucets and leave them open until you turn the water back on. That leaves room for the water to expand while it freezes. It will be fine.
Post: Freshbooks vs Quickbooks
- Parish, NY
- Posts 7
- Votes 2
Something new that I didn't know I didn't know. haha
I think just one EIN for the foreseeable future but yes eventually....
Post: Freshbooks vs Quickbooks
- Parish, NY
- Posts 7
- Votes 2
Something I hadn't even thought of. Thank you
Originally posted by @Richard Parseghian:
I would definitely say quickbooks is the right call. I have spent a few years working with the program doing small business consulting and teaching quickbooks classes.
In addition to it being great for tax time it has allot of useful features that you can use to track your P&L and B/S for each individual property.
If you have only a handful of properties making a bank account for each one and tracking all transactions for each property as separate projects in quickbooks is a simple way to handle bookkeeping, track expenses on a property by property basis, and to easily produce financials should you ever look to 1031 your properties.
Post: Freshbooks vs Quickbooks
- Parish, NY
- Posts 7
- Votes 2
Thanks for the input. I was leaning towards QB for the fact that every accountant out there is compatible with it if no other reason. I'll be in for the $35/month online subscription as opposed to re-buying the desktop software every year.
Post: Freshbooks vs Quickbooks
- Parish, NY
- Posts 7
- Votes 2
Any opinions?
Thank You