I sold a partial on a mortgage note I own. How do I make the journal entries? Current UPB of note: $21,544.08I sold 90 payments of $300.15 for $20,000.How do I record this???
I own a handful of rental properties, some on my own and some with partners, and keeping my books in order has become way more painful than I think it should be. I usually have one property in active management with t...
I bought a house recently as a rental property. I used the realtor to find a tenant in order to fill quickly. The agreement was 84% of the 1st month rent was to go to the agent ($1600 month/rent, $1344 to realtor). Th...
How much does it cost for a Home Depot or Lowe's to re-key your lock?Both options are a bit far and inconvenient so I want to know how much I'll save doing that vs going to a near by locksmith. And, if re-keying is fa...
Hi all. I am gearing up to get back into wholesaling heavily, but with the addition of a new daughter, I don’t have time to answer all the calls anymore. Basically, on my mailers, I have a website and a or a local num...
4 Things You Should Know Before You Flip a HouseAs an entrepreneurial-minded person, you love to examine potential business opportunities. House flipping attracts countless business people like you, but not all of the...
Cleveland Water is now billing clients monthly versus quarterly. Is this our opportunity to opt out of paying these bills? I'm talking about low income housing. Are any Cleveland Investors making tenants pay ALL utili...
I'm currently looking at the best way to handle managing properties. I currently use Buildium and quickbooks four about 25 units, but recently I've put these properties into their own llc's for protection and ease o...
Own about 30 doors with a few different property managers. I work full time and don't have time to really review the property managers. Was thinking about hiring a VA who can review the PM expense reports and also com...
Hello,Just some background. My wife and I just purchased a property in Big Bear (Sugarloaf). We will be remodeling and furnishing it within the next couple months. With my wife’s background in design, we are hoping to...