1099s are informational tax forms required by the IRS to report certain types of payments made during the year. For real estate investors, this most commonly applies to payments made to contractors using cash, checks, ACH transfers, or Zelle. Other common transactions that may require 1099 reporting include interest paid to private lenders, payments to...Read More

Real estate wholesaling is the fastest and most profitable way to make money in realestate. In fact, most of the clients we serve are wholesalers. They are highly profitableand represent one of the best ways to break into real estate with little to no money. It’snot uncommon to see a first-year wholesaler generate 200k-400k in...Read More

One of the most common questions we get from investors is:“Which level of QuickBooks do I actually need?” It’s a fair question. Intuit does not make it easy for the average small business owner to figure this out. Before we dive into QuickBooks Online (QBO), we need to briefly talk about QuickBooks Desktop. What Happened...Read More

If you’re a real estate investor using QuickBooks or another accounting system, you may have encountered Accounts Receivable (AR) and Accounts Payable (AP). These are powerful tools in traditional businesses, but for most rental property owners, they’re more trouble than they’re worth. Let’s break down what AR and AP do, why they often don’t make...Read More