Billy Raz
Depreciation - How to Account for on Income Statement?
Hi,I'm working on the financials section of my BP. How do you calculate and include depreciation on the income statements?If I use a depreciation calculator and calculate an annualized deprecation amount of $3k, shou...
Bruce Runn
Minneapolisl property tax statements about to go out
Started my annual right of Spring which is my property tax assessment challenge in Minneapolis. Bought a duplex 2 months ago for $275,000 and it's current year assessment is $307,000 with what I anticipate will be a...
Michael Tan
Closing on First Deal in Indianapolis - Closing Statement
Deal InfoI'm closing on my first deal as an out-of-state investor based in California. They provided me the closing statement yesterday (Friday, March 8th) and we are planning to close on Monday, March 11th.The proper...
Samir Shahani
Real Estate Investor Tools - Financial Statements & Metrics
To buy and hold investors: what tools do you use to look at your business? Do you have a balance sheet, cash flow statement, and income statement (the three 3 financial statements)Are you calculating ROI year over ye...
Al Appleton
Subject to deals - changing mortgage statement mailing address?
I just closed on my first Sub 2 property. 1) How do I change the mailing address so that I can receive the statements? Does the seller need to do this for me?
Gabriel Anderson
Help w/ Weird NYC Pay Stubs / Bank Statements
I have an applicant who claims to be a teacher in NYC. I've seen pay stubs and one month of bank statements. I have never seen an employer make 4 different payroll deposits in a month. The deposit dates make little se...
Kristopher Sharpe
How to verify proof of income/bank statements.
BP,What is the best way for a tenant to share proof of income/bank statements that is secure? I have set up Tenant Cloud for applications etc but I don't see a way to have them upload this proof of income/bank stateme...
Ximing Feng
Quick Book Setup: Final Settlement Statement, Asset, Mortgage
Hi, Hope this finds you well!
I am a new real estate investor trying to set up my QuickBooks online so that I can do my own bookkeeping. So, I have this final settlement statement from my title company. It lists...
Hassan O.
example of a settlement statement for multifamily purchase
Does anyone have a good example of an executed settlement statement for a large (51+ unit) multifamily purchase? i have done plenty of single family closes. Stepping out into the bigger market and need to see the wate...
Jonathan Wildy
Profit and loss statements individual or group properties ?
When you are doing your profit and loss do you do all individual properties and the group as a whole? I have all my single families in one llc. I’m hoping that at some time I’m able to leverage this or sell and 1031...