Wise has free real estate balance sheets for downloading in Excel and Google Sheets formats.īenefits of Automating a Real Estate Balance SheetĮven for investors who are just getting started with their first rental property, there are some big advantages to automating a real estate balance sheet instead of using a basic spreadsheet template.įor example, an automated real estate balance sheet can update the property value according to current market conditions to provide a more accurate picture of balance sheet assets.Īccording to Zillow, the typical value of a single-family home has increased by more than 25% in the last three years.offers seven real estate balance sheet templates in Excel and PDF formats.Rentals Z provides a printable rental property balance sheet in Microsoft Excel, plus other real estate templates and worksheets.Microsoft Office has a balance sheet that is easy for real estate investors to customize and use.offers free real estate balance sheet templates for a real estate portfolio. When a sale does take place, the depreciation expense taken by the investor to reduce taxable net income is recaptured by the IRS and taxed at an investor’s normal federal income tax rate, up to a maximum of 25%.Īny remaining capital gain is taxed at a rate of 0%, 15%, or 20% depending on an investor’s income level.īy keeping track of the accumulated depreciation of a rental property, it’s much easier to calculate the potential tax liability when the property is sold, and to determine how much money could be saved by conducting a 1031 tax deferred exchange.įor real estate investors who prefer to use a spreadsheet and manually update the balance sheet, there are several places to find a real estate balance sheet template online: Note that accumulated depreciation doesn’t actually affect the property value until the home is sold. Accumulated real estate depreciation appears on the assets section of a balance sheet, as shown in the following example.Įxample of a Real Estate Balance Sheet Assets
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