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Results (10,000+)
Steven Kleppin Inspection Report came back.... worried
4 September 2015 | 8 replies
Bottom line is if you are going to invest in real estate you need to be able to read an inspection report and know what should be addressed and what is OK.  
Wesley C. Dual agency discount?
28 February 2020 | 15 replies
It would be hard for any person to remain neutral and "fair".
John Lindemann Mortgage company shopping
5 September 2015 | 3 replies
If they have stellar credit I send them to a different lender that usually gets the bottom rate possible.  
Seth Kitchka New to Buildium, experienced PM software users come on in!
12 September 2015 | 20 replies
As for buildium - if you record the transactions correctly you will have an accurate Cash flow statement to look at - it will not take into account anything you have paid towards principal and subtract that from  your noi provided you make the entries correctly and have the chart of accounts set up correctly.So the tricky part is recording the initial entries - I'd actually suggest if you plan on making the move "Officially" Jan 1 2016, start now and enter all transactions for 2015, and 2014 (if you can) into Buildium - it will make the flow go so much smoother and you can learn as you go, insuring you are setting up things correctly as you go along.To record a mortgage in place, just follow their tutorial - (customer service might even walk you through it as well)First you need to have the appropriate accounts set up on the "Chart of Accounts"You could do it any number of ways - one way I'm doing it is -- have a main account titled "Mortgage" under liabilities  (long term liability)Then a sub account of Mortgage titled "US Bank Mortgage"   "XYZ Bank Mortgage" -- or "Mortgage - US Bank" etc -- Then you will want an account for "Interest" under expenseThen under Assets you'll want an account titled Escrow - then if you want to further track things I'd suggest setting up a sub account titled "Escrow - US Bank" or "US Bank Escrow"  or "XYZ Bank Escrow" etc    (Escrow would be a current asset)After that you'll need your current mortgage statements -- to start the books you'll need to enter a general journal entry for Escrow, Interest, Principal (Mortgage)Once you have that you're off to the races and can enter the mortgage payment each month, however you'll need to know the breakdown of Principal, Interest, & Escrow - for example the entry in your bank account will look likePayee -- US Bank -- you'll enter the date etcThen below you'll have the breakdown of the total where you'll enter $400         Principal$300         Interest$150       Escrow-------------------------------At the bottom Buildium will automatically add up the totals to whatever your house payment is for the month -- in this case $850Hope this makes sense -- best thing is to just play around with it a bit and keep checking yourself on the entries and in the general ledger -- your mortgage payments have to be entered manually every month, however this takes little time if your mortgage company offers online account access and gives you the payment breakdown - can be done in a couple minutes.Get over the biggest hurdle which is setup and the rest will be SO much easier.  
Joe Val Qualifying rental income towards DTI
7 September 2015 | 7 replies
The bottom line is that the Checkbox Monkeys don't just go by some alleged Fannie Mae standard.
Chester Knapp Duplex analysis critique (house hacking in Seattle)
11 September 2015 | 12 replies
Offering and getting the property at ~$560k (possible, if unlikely), combined with getting rents up to market value, gets it extremely close to cash flow neutral (which looks like a lofty goal in Seattle - this 'deal' is par for the course for the other 5 recent sales I've analyzed in a similar way).Anything seem glaringly out of place with the numbers?
Nikki Harmon Wholesaler Misrepresented himself
5 September 2017 | 196 replies
The bottom line is the seller got educated after she signed a contract with the wholesaler and continued to work with him for the several days after she fully understood what he was doing including letting his potential buyers view the property.
Michael Hood Could use some advice and make some contacts in WA
22 September 2015 | 8 replies
@Michael Hood will you be using Exeter 1031 Exchange Services (Bill Exeter) for your neutral facilitator?  
Jake Recz REO in NJ, $11k deposit held by sellers atty, and TITLE PROBLEMS
10 September 2015 | 12 replies
Please take a look at the 3 page document on the bottom of the post. 
Steven Cacace Turnkey Real Estate Companies
11 September 2015 | 7 replies
The bottom line is their are so many ways to invest.