Hey everyone ive been hearing about and researching VELOCITY BANKING alot lately. Seems too good to be true. Any of you experts have experience in this field and can confirm or deny? Thanks everyone!Nick

Hi there, I'm new to the community. If this questions has been answered I'd really appreciate you pointing me to the article as I didn't find a search box where I could search for it, that being said...I recently atte...

I sold a property thru owner finance, but I have a question about the bookkeeping/tax side of it. Here is the journal entry for it basicallyMy questions are: 
Is the journal entry correct? 26K is quite a bit of reven...

Hi Everyone!I've only purchased a Home once (I don't own it anymore), and every calculator (even including Tax and Insurance) would predict my payments being way less than actual payments.My loan was for 120,000. Mont...

I'd love to hear others' approach to accounting for property taxes and insurance. I have about two years experience managing my two triplexes with separate loans for each property. Currently my T&I are escrowed wi...

Hi All, Have a tenant who has been chronically behind on rent for some time, and served couple other 3 day notices in last couple months, to which he made partial payments, and as a result was behind bymore than half ...

Fanny/Freddy have put special provisions in place to help homeowners and landlords. Has anyone read the fine print? Wondering if there is any downside to doing this for a few months. Even if your property is fully ren...

How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payme...

Hello BP community! I'm Navy stationed in Hawaii and will be moving in about 15 months. I own a townhouse financed through the VA at 3.25% 30yr fixed, less than a year into payments. I have the opportunity to refi to ...

Hi all -I recently hired a bookkeeper to setup Quickbooks for me for my rental business.  She entered 8 months of transactions for me and told me that for mortgage payments, she created a category of "Unallocated mort...