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Updated over 2 years ago on .

User Stats

10
Posts
0
Votes
Andrew Seeker
  • Lender
  • Vancouver, WA
0
Votes |
10
Posts

Accounting & Bookkeeping for Real Estate Investors

Andrew Seeker
  • Lender
  • Vancouver, WA
Posted

As an active investor, I've seen many offering memorandums and financial statements that are inaccurate and messed up. One glaring example are rent rolls. Many of them show current market rents while the actual rents collected are much lower than what shows up on the pro-forma statement. Another example is when an investor has owned a property for a number of years, has no mortgage on the property, and now wants to 'cash-out' and enjoy retirement, but has not kept accurate financial statements. Lenders scrutinize all financial statements and rent rolls and turn projects down when they see inaccurate numbers. 

If you need help straightening out your books or financial statements and need help with property analysis, please contact me for more information. 

All the best.  

Offering