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11 January 2025 | 8 replies
Fannie Mae has a requirement that if you want to use the rental income from the non occupied units, that you MUST have a current housing expense which means you cannot live rent free.
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7 January 2025 | 0 replies
Purchase price: $715,000 Cash invested: $297,000 Current Price: $830,000 (originally $950,000 on 4/13/2024, reduced by $120,000 in 6 months).
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17 January 2025 | 23 replies
We are currently own our home which we bought about 1.5 years ago (numbers below).
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14 January 2025 | 8 replies
Buildim has a general ledger so you can record credit card transactions the same as in any other bookkeeping software 1- add to chart of accounts a current liability called for example capital one credit card2- when you want to record a credit card transaction go to general ledger create a journal entry, for example if you swiped your card for a maintenance expense in the amount of 1,000 youshould debit maintenance 1,000 and credit your liability account called capital one credit card for 1,000so your liability account balnce is always the same amount as your credit card balance 3- if you pay intrest on your credit card add to charts of accounts an expense account called capital one intrest fees and when you got charged intrest create a journal entry debiting capital one intrest expense account and crediting your liability account 4- to record a payment to your credit card you can record a check from your bank account payable to capital one you should add them as a vendor or you can do a journal entry It simple for anyone with a little bookeeping knowledge and btw thats how its also done in quickbooks or anywhere else And thats the correct way doing it although there are a few other workaround ways for exemple creating a contra asset or as paying a vendor So i dont know why you blame buildium it would be the same with any other software
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10 January 2025 | 23 replies
Currently I'm thinking about purchasing a duplex (while I also work on working on my real estate license) and living in one side and renting the other utilizing the VA LOAN.
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9 January 2025 | 43 replies
Quote from @Daniel Gould: So it appears to me that while there's a free plan available to anyone in Invelo but the BP Pro membership includes access to the "Starter" Plan which currently costs $41/month otherwise - so this is a notable "value add" to the BP Pro Plan.
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15 January 2025 | 14 replies
Jaron Walling said something that caught my attention, "search for and buy a bad roof, leverage it during the negotiation"....especially of the property has been sitting on the market longer than normal for the current market, a "bad roof" might be a gift from the real estate genie.My point is this: get good at estimating and fixing a bad roof (or any particular problem found with most houses that sit on the market longer) and you'll get comfortable buying/fixing properties that scare off other buyers.
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7 January 2025 | 0 replies
Purchase price: $565,000 Cash invested: $200,000 Current Price: $599K (originally $649K, 67 days on market).
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6 January 2025 | 3 replies
Quote from @Robert Phillips: Hello, I am currently a Senior in College and I am pursuing my Ohio Realtors license.
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9 January 2025 | 1 reply
Fix your name when you get a chance since your name is currently NA NA.At 18, you have to question why would someone sell you their home on assignment?