Are there any lenders offering HELOCs for small business owners who primarily use bank statements to qualify, especially those with write-offs? The credit score is around 720, and the property is owner-occupied, which...
I found a potential deal on loopnet.com for a 8 unit apartment. The broker is refusing to provide P&L and rent roll documentation for the property, only gross figures through email. What does this mean and is ther...
Our resident real estate law blogger, Joshua Marks, today posted an article that should be a must read for any home buyer! If you've ever looked at a HUD-1 Settlement Statement (if you've bought property, odds are yo...
Hi all, Last year was the first time I started flipping houses.. on one of my houses I took a pretty hefty loss after selling it and was curious what avenue I take (what form/schedule...) that I utilize to file for cl...
Does anyone have a recommended P&L format that they like and use?? I don’t mind paying for one if needed, I just need a better format than my DIY version in excel. Any advice is appreciated!!!
Thanks!
I am planning on creating an LLC with a couple of partners to buy our first investment property within the next few weeks. All are active partners and have equal stake. My question is about the visibility of the perso...
Hi everyone,I am filling out my first FS for a loan and am a little overwhelmed. Should I consult a CPA? The lender? I have hesitated to reach out to the lender because I don’t want to appear like I don’t know why I...
Does anyone know of a tool, or software they can generate a statement which includes not only profit and loss, but also a balance sheet? Something quick and easy like a little pockets investment analyzer with returns,...
Hey guys,How do you automate seller-finance payments so that they auto deduct from your account every month and auto-deposit into the seller’s account?Also, how do you generate automatic statements every month?Any hel...