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I have a deal for a Mom and Pop owner who owns many properties. All of his financials flow into and out of one account. He has zero records for individual properties. He built them in the early 90's and has owned them...
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Hi.I recently sold a rental property on a real estate contract. I'm not sure how to record the transaction or the monthly payments in QB Online. I use the cash basis of accounting.If you can help me with that, I would...
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Hello everyone, the question is in the subject. I am just trying to find out if there is an equivalent of a county recorders office here in canada? Thanks! :)
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Im wondering what others actual expenses are for mortgage recording tax. From my research (I live in nyc) mortgage recording tax for a $600k mortgage on an $800k multifamily is a hefty $11.1k (roughly - but im calcula...
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Howdy!I'm a new-ish BP member and I'm looking to purchase a condo in Sarasota, Florida for personal use and to offer as a vacation rental. I've found a community that I like and that allows 1-week minimum rentals (pa...
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Hi everyone. On a for sale by owner in the state of California, the buyer purchases a small lot of land from the seller. The buyer paid cash for the transaction. Both signed the contract, and the title company hand...
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I sold a property recently. The title company told me that I would have to obtain the release of lien from my mortgage company and have it recorded. The buyer picked this title company and he paid for the title insu...
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I am trying to figure out what the loan amount is for motivated sellers who do not know what they currently owe on a property, their interest rate, and their monthly payments. When I get calls from sellers I want to...
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I know when you start getting larger, it's more economical to use Simplifile or something like it. However, until you have a sufficient number of notes it's not economical. I was wondering who people use. I have he...
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I am beginning the first steps of market analysis. Including researching neighborhoods as well as practicing by analyzing homes online. I understand the information necessary to do these analyses but HOW do you prefer...