So, I have been struggling for some time to draft a cohesive financial statement. I have a W2 job and routine living expenses, so my cash is always in flux. And I rehab and resale, so any profit I make is instantly ro...

Hi everyone, Last week I put an offer in on a condo that was accepted. I am supposed to sign the purchase and sales today. I reached out to the selling agent to request that recent financial statements and meeting min...

Hello,I came across a multifamily which is a 5-plexThe seller’s agent showed a vacant apartment when I was there as they don’t want to disturb tenants on casual inquiries. When I first bought my triplex I needed a pre...

I am going into the real estate investing business with a partner. But the problem is we do not know the best way to set up this partnership. Any suggestions of things that work well?

Hi Everyone!Could you please tell me how I would value a business for a personal financial statement that I would be submitting to a bank for a commercial property loan? I own a photography studio.  I lease the space ...

I've been looking over various personal financial statement templates and one thing confuses me.  If I own real estate wholly or in partnership in the form of an LLC or a corporation, how do I list this on a PFS?  Is ...

Hey everyone. I am reading through the "Real Estate by the Numbers" book now, and am still in the beginning where it discusses personal financial statements.For the past two decades I have been using financial aggrega...

Most people's eyes glaze over when you mention finanical statements and accounting to them. But I contest this is where the real money is made.

TRUTH = Once you understand your accounts you will make more money.

W...

Hello everyone,We just got our first MF under contract. Not sure how to approach it (re: funding, loan apps and etc)Here are the numbers:Total units: 7 (4x 2 beds, 3x 1 bed)Purchase price - $675,000Renovations - $20K ...