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All Forum Posts by: Mark Yarbough

Mark Yarbough has started 2 posts and replied 10 times.

Post: QuickBooks Pro?

Mark Yarbough
Pro Member
Posted
  • Investor
  • Everett, WA
  • Posts 10
  • Votes 4
Originally posted by @Soh Tanaka:

@Alex Sanfilippo - Assuming you are talking about rental, not flip...

If you are just starting out, I would say Excel is enough. In order to use QuickBooks, obviously you have to buy it (you have to buy Excel, too, but most people already have one.) Also, it'll be very difficult to use without buying a manual book specifically designed for the landlords. Those will usually cost $100 or more.

If you are interested, I'll be more than happy to share the Excel spreadsheet I've been using. It shows things that QuickBooks can't show, like vacancy rate graph.

 @Soh Tanaka - Hi Soh, If you still have a copy of the Excel spreadsheet would you mind sending me a copy as well. I'm a new investor and would like to to track my expenses.

Post: How do I handle giving a Tenant Notice. My first Duplex

Mark Yarbough
Pro Member
Posted
  • Investor
  • Everett, WA
  • Posts 10
  • Votes 4

@Daniel P Willis Thanks Daniel I will.

@Olivia C. Thanks Olivia. I definitely want to approach this like a business. Thank you for the link. I'll read up.

Post: How do I handle giving a Tenant Notice. My first Duplex

Mark Yarbough
Pro Member
Posted
  • Investor
  • Everett, WA
  • Posts 10
  • Votes 4

@Daniel P Willis

Thanks, you bring up a good point. I might be overthinking this a little. I give them a call just to chat and see what they are thinking. 

Post: How do I handle giving a Tenant Notice. My first Duplex

Mark Yarbough
Pro Member
Posted
  • Investor
  • Everett, WA
  • Posts 10
  • Votes 4

@Sai Toll

Thank you. That makes sense. I'll take my time with it. I forgot to mention that both tenants are month to month and I purchased the property with a FHA loan, so I have 60 days to give one of them their notice.

Post: How do I handle giving a Tenant Notice. My first Duplex

Mark Yarbough
Pro Member
Posted
  • Investor
  • Everett, WA
  • Posts 10
  • Votes 4

Hello,

I'm a new investor and just closed on a Duplex this past Friday. Both units are rented out and I need to give one of the tenants notice because I'll be moving into one of the units. Is there a process that needs to be followed in order to serve a tenant notice. I have not had my initial conversation with either tenant yet, so I'm a little nervous. What would be the proper way to handle this situation?

Post: First Flip- What a success! Before and After Pictures

Mark Yarbough
Pro Member
Posted
  • Investor
  • Everett, WA
  • Posts 10
  • Votes 4

Great job! Inspiring!

Post: New Investor Shoreline Washington

Mark Yarbough
Pro Member
Posted
  • Investor
  • Everett, WA
  • Posts 10
  • Votes 4

@Courtney Jones That is good to know and congratulations on joining BiggerPockets! Thank you for the nice greeting! I wish you much success as well. 

Post: New Investor Shoreline Washington

Mark Yarbough
Pro Member
Posted
  • Investor
  • Everett, WA
  • Posts 10
  • Votes 4

@Arthur Bates We do have much in common. Although I like IT I'm ready to be in control of my own destiny. I was able to get my first property with out much issue, but figuring out how to get more is somewhat of a mystery to me, so  I would like to collaborate and be of service and learn as much as possible.  What is the best way to get in touch with you?

Post: New Investor Shoreline Washington

Mark Yarbough
Pro Member
Posted
  • Investor
  • Everett, WA
  • Posts 10
  • Votes 4

Thanks@Jennifer King! I will do that. 

@Tom Keith I feel like I'm in the right place, there is a wealth of information on this sight. Thank you for your response.

Post: New Investor Shoreline Washington

Mark Yarbough
Pro Member
Posted
  • Investor
  • Everett, WA
  • Posts 10
  • Votes 4

Hello Everyone,

My name is Mark and I currently live in Shoreline WA. I'm originally from San Francisco but moved to Washington state five years ago. I'm fairly new to investing, I have one rental property (Condo) that I bought a year and a half ago, which I make a modest cashflow from. I mainly want to focus on buying and holding properties. I would like to make enough positive cashflow monthly to walk away from my job, which is in the information technology field. I like working in IT, but in having a job I don't feel like I have much control over my financial future. I would like to learn how to successfully build a real estate portfolio that will enable me to eventually quit my job and gain more control over my financial life. Thank you BiggerPockets for creating such a great platform and I look forward to learning and sharing with all of the BiggerPocket members.

Thanks

Mark