Ryan S.
How do I setup Quickbooks for flipping houses?
15 January 2016 | 12 replies
Using a class would clutter your financials rather quickly.For holding a property for more than 2 fiscal (usually calendar) years, setting up a general class for properties by category (SFH, MFH, etc.) or geography and then having each distinct property as a subclass is a good idea, so you can print out a Profit & Loss as well as a Balance Sheet for each class or geography to make analysis easy.If you get to the point that you have so many properties that this structure doesn't meet your needs, you might consider moving on from Quickbooks or grouping properties instead of presenting each individually.I'm an accountant, but I'm not YOUR accountant.
Chris Olsen
Please share your thoughts. I feel this is a little fishy. Im new!
9 May 2014 | 5 replies
It's an important distinction if Tenant 3 is subleasing TO Tenant 2 or subleasing FROM Tenant 2.
Joe Gee
Working with Realtors on Payouts
21 June 2014 | 6 replies
Keep in mind that there is a distinct difference between a broker and an agent and it is a different license with different rules and responsibilities.
Michael R.
CPVC Shower Valves
29 June 2011 | 1 reply
While looking at REO's and vacant short sales, I sometimes look up at the basement ceiling and see a distinct lack of copper!
Patricia Sander
Seller refusing asked for credits, offering repair credit instead.
18 February 2023 | 30 replies
An interesting distinction, as in my mind, it was the opposite.Since the buyer did in fact pay over asking, and was very easy to work with through negotiations, I, after careful deliberation, bought the buyer a new roof.
Isiee Koch
50% rule $800 rents vs $400 rents
15 July 2017 | 13 replies
This is a thread you want a clear distinction.
David Hildebrandt
Self Storage Conversion Feasibility - Cincinnati Northern KY
26 July 2018 | 4 replies
$1.8M Building we are considering is 100,000 sq ft, but really divided up into two distinct portions, the original single story 50k sq ft footprint, and a new two story addition at 27k sq ft per floor.
Michael Seutin
HERE IS MY IDEA
28 September 2010 | 34 replies
IMO, the best way to approach investors and lenders is appraoching those who fall in two categories:Those with money who have already made real estate loand; andThose with money who have never made a real estate loan.Yes, they have something in common, but these are two distinct groups, the cheapest money will come from the novice.
Robyn Henderson
Automating Steam Boiler in Brooklyn Brownstone
14 February 2020 | 13 replies
@Alex Furini I had no idea that distinction, thanks so much for the tip!
Patrick Vera
Does Purchasing with LLC Affect Personal FTH Loans?
22 June 2020 | 1 reply
FHA and conventional make no distinction for first timers.