Shawn Coverdell
why am I spending time on quickbooks?
6 August 2018 | 12 replies
Well here are few that I can think of:- You are an Accountant - who views the reports once a year to do taxes (That is it)- You are a Bookkeeper - you want to do the data entry because it does not make you money- You are a DIY QuickBooks user - who will surf the internet and YouTube for answers and not have the full process, procedure, and solution- You are a CFO - review your financials every day or week, depending on your business goalsNow let's get into the nitty-gritty:- You as a business owner should look at your reports by each property and unit- You should compare your Profit and Loss by:----- Month----- Quarter----- Year----- Previous Year Comparison----- By % of your Income ----- and the list goes onNow about your Equity - view your Balance Sheet and see the difference from previous year how much money you paid and received by improvements and loan, the personal money you invested and more...If you are looking at keeping the books for tax purposes and IRS, as well as use paper and pencil.
Cameron Belknap
Egress Window Question. Just went under contract for "4dbrm"
13 September 2019 | 8 replies
I am not able to answer all your questions however in regards to renting a space without egress, aka not up to code the Tenant has rights to their rent back at any time and could take you to court.
Terrez Jarrett
New investor from Louisville Kentucky
27 November 2018 | 9 replies
There are many agents out there, but it’s important to choose the right one.https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agentI love answering questions if you have any!
Jason James
Leverage self Directed IRA to Purchase Rental
11 August 2018 | 16 replies
For many of my clients, all of whom are real estate investors, the answer is "hell yes."
Hunter Kraklio
How can you Rehab a house with Tenants
4 August 2018 | 2 replies
The answer is to do it with their blessing/permission and both side's patience.
Fabricio Kannenberg
Newbie moving to Chicago, IL or Dallas, TX
20 November 2018 | 8 replies
There are many agents out there, but it’s important to choose the right one.https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agentI love answering questions if you have any!
Bridget Smith-Osbourne
Help Evicting a Military Family
8 August 2018 | 79 replies
I refuse to answer any calls from them or respond to their texts.
Patrick Philip
What if I don't sign cancellation and release of escrow?
5 August 2018 | 7 replies
The answer is I don't know your contract but I'm 95% certain that you cannot keep his EMD.
Victor Mercado
Working my first sellers list for wholesaling
6 August 2018 | 3 replies
If I get a call I will not be able to answer it.
Jill Thomas
Buying a warehouse used for storage - questions to ask
5 August 2018 | 1 reply
That last question is good too but I would not totally rely on the current owner and check with a local professional service or verify it myself.Who the hell is this guy anyway and why should I rely on his answer?