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3 May 2019 | 22 replies
If you create your chart of accounts in an excel list you can basically download your banking in excel format and quickly classify transactions with consistency.From there you can sum each account and quickly run a profit and loss report.I like QuickBooks because as I grow my portfolio I have all the functions I need and I can run year over year reporting.
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21 May 2019 | 29 replies
So, I'm basically making it plain...
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23 May 2019 | 9 replies
My first property was also last year, and am hoping to complete the purchase of the next two before the end of June (this is the deal in question).My goal is 2 properties per year... so after June I will use the remainder of 2019 to sit back and monitor, refine housing policies, maybe take a RE course, move to e-docs lease signing... basically just come up with ways to automate and make things easier for myself moving forward (since I also have a semi-demanding FT job).
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30 January 2021 | 2 replies
Most people who go there go for the all-inclusive experience, the beach and the party, as there's basically nothing else to do there.
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28 May 2019 | 7 replies
Some photographers will Photoshop fire into a fire place etc. but otherwise you can use your basic editing tools on your phone to "brighten" the place up as it were.
1 May 2019 | 6 replies
Otherwise your numbers do basically seem reasonable.
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28 April 2019 | 10 replies
@Vlad Denisov the property is in the westbank in Louisiana the neighborhood is B or C+ class.I’m looking to probably finance 80% through the bank and 20% seller finance or private money lenders, still looking into the options.My out of pocket will be basically the closing costs.I don’t know what you mean by the future tax !
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27 April 2019 | 1 reply
If you planning to renovate a property after the sale, you can borrow upto 70% of ARV so basically roll in your renovation costs into the loan therefore increasing the loan.
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29 April 2019 | 20 replies
Like every linear foot (and inch) or baseboards, count the # of doors and doorknobs in the house, etc.And this is not even to mention the fact that if I hire a GC, a lot of what he will do is just sub out much of the work, in which case I'm basically paying him a "finders fee" for a sub that for all I know I could have found a better/cheaper one myself.How can I include in the contract that I want to be able to have control over what sub's are used?
10 May 2022 | 3 replies
Basically, keep using the original fund money, add houses, put mortgages on them, and keep rolling forward.