@John Boby land trust and living trust are two very different concepts.

But if you are determined to use cap rate as some sort of yardstick, read on for a way to twist the concept so it produces a meaningful result...You can't say that "I'm buying at X% and the projected NOI cap is Y%" because it will cost you more money than just the purchase price to bring a non-performing property to stabilization. 

@Daniel EvenchenI don't know where you got this idea of "extracting" cash from an IRA, but your understanding of the concept is totally incorrect.

- Buyer's Agent- My mom, Traci Greene with The Greene Team with Coldwell Banker Wallace & Wallace- Lender- Marissa and Margo with United Capital Lending- Listing Agent- Kendra Ellis with The Greene Team with Coldwell Banker Wallace & Wallace- Contractor- Lee Ellis with Ellis Construction Concepts/ Nice Flippin Homes

Even some of the terminology/concepts I don’t know or understand.

Not everyone agrees with the concepts, but that’s part of it - learning what works for others and adapting it to work for you.

Is it easiest to just do a big journal entry on this one?

4- Has anyone been to any of those Auctions listed on the Providence Journal?

I currently have a freelancer working up business logo concepts, so I do not have a logo for my company yet to include on my mailers. 

Hey Matt, When using QB you can either do splits when you enter each individual payment or at year end you could record a journal entry to breakout the various components.