Nathan Herber
Reviewing MF Income Statement - "Extraordinary Expense" Question
Hello! Yes, this is my first post. I'm reviewing an OM along with an attached income statement in excel. Under expenses, they list "Partnership Expenses" and then "Extraordinary Expense" of $-5,833.15 for eight month...
Mike Morgan
Real Estate: Seller's lied on disclosure statement!!!
Well....we bought our dream home in the GA mountains 4 months ago. Seller's disclosure statement did not notate any structural modifications or damage to the home. Our home inspector did notice a lot of structural b...
Eric T. Payton
how owner's investment affect cash flow statement
How would owner's investments affect the cash flow statement in the banks eyes?ex. If you were to have a property that cleared $100 per month, and you decided you wanted to put in $200 of your personal money to help p...
Sam Sciascia
Bank Statement Program Primary Res IL Needed
'm looking for one in IL. The LO I'm dealing with said he doesn't do them. I'm looking for someone with experience in this score in the 700s
Tom Tran
Title company make error on settlement statement?
Hello fellow RE Investors,Does anyone know the best answer to this issue?We closed on a property about a week back, and the settlement statement show that there was over $3000 of credit rent. After the seller signed a...
Jacob P.
Is this a healthy HOA financial statement?
Hi guys,We've invested in townhomes up until now, but currently have an accepted offer on a condo.I just received financial statements for the last 2 years. I don't know exactly what to be looking for, but generally s...
Terry Mewhinney
Profit/loss statement and taxes for property
There is a seven plex I am looking at, I asked the owners for profit/loss statement, and taxes for the last two years. They are having a hard time coming up with the last two years taxes, they say they are lumped in w...
Zenas Underwood
Preapproval w/o 60 Day Bank Statements
Working on helping my dad get a loan for a four plex. We are targeting a loan with low down payment, that I will gift to him. He didnt have 3 months reserves so I gave it to him in an joint account we just set up 6 da...
Jay Yoo
Tenants: No income but just bank statement
Hi AllI often get contacts from people who doesn’t have income but pursuing in master / doctorial degree but they have bank statement to cover the rent for a whole year. How do I make sure and somehow protect myself i...
Marc Sinnott
Sending regular reports/statements to private investors?
Hi all,I recently completed my first single family rehab project (!!!), which I turned into an unintentional brrr and ended up renting and refinancing.I have a private money lender who will be receiving monthly paymen...