Jayden Hamilton
How do I do my bookeeping for my 3 rental properties
I own 3 rental properties, besides me collecting the monthly rental checks and keeping track of all my receipts that are business expenses, how do I start my bookkeeping for when tax time comes and I have to hand over...
Account Closed
Help! What is a typical wholeseller fee/assignment/referral fees
I think our "mentor" might have "gotten over on us". Would anyone like to shed some light with typical wholeseller/assignment/referral fee? I have attached a copy of the final buyers statement, that included a fee to ...
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...
Larry Flanagan
Can I salvage this deal?
I locked up a good deal last week and had it wholesaled in a matter of hours for a $20k profit. The seller was satisfied with the deal at the time of signing, however, one of the "buyers" on my list was competing ...
Sam Leon
Buyer wants to change buyer name to an LLC last minute
Selling a property and went under contract in early July scheduled to close in two weeks.So far all contingencies have been met and suddenly the buyer wants to sign an addendum for a name change from "John Doe" to "wh...
Edwin E.
A mortgage Co asked me to sign an " Access to funds " form
A mortgage Co I'm dealing with asked me to sign the above mentioned form. That's new to me. It says " This letter is to certify that ............ has 100% access to our joint account #.... " In the past I have provi...
Bobby Dini
Any way to confirm if tenants are paying rent before buying?
I am about to have a duplex under contract as non owner occupied and I am curious if there is any way to determine if the current tenants who are under individual lease agreements are current on their rent payments. T...
Rebecca B.
Need Help Reviewing HOA Bylaws and Balance Sheet
HiI'm purchasing a townhome and I have the bylaws I wondered if there is anyone on here familiar with all this that could point out any potential issues. I've also got the balance sheet. Not sure how to evaluate it.ca...
N/A N/A
Is this a capital gain?
I'm involved in an assignment or a double closing. Party A is selling her home ( personal not eligible for 1031 I dont think) for 375,000 to party B, then B will sell it or assign it to Party C for a FEE of $50,000.
...
Greg Widdicombe
Final transaction(s) in QBO to close out a flip
Hi many thanks for all the previous discussions on setting up QuickBooks for rehabbing, we poured through the advice and believe our setup and recording of expenditures are correct - now comes the fun part of recordin...