Hello,We are buying our first flip! I'm trying to be a good investor and give my contractor EXACTLY what I want. I have found great examples of Statements of Work (SOW) but I can't find a sample that includes an addi...
You know how banks give you a financial statement to fill out when asking for a form. Do you think that bringing your own excel sheet will be good enough
Hey all! Starting the process of getting a mortgage and I need an asset statement. Any advice or templates you could share with me? I've done personal budgets on Excel but not quite sure how to lay out or what all to ...
Watched multiple videos on the topic and have a question that I can’t find an answer to. For a self employed bank statement loan it seems fairly common to find 12 and 24 month bank statement loans. I’m confused about ...
I am a mortgage COD holder, and have a borrower with an amortization schedule. This past year, I allowed him to miss a couple payments (for my own reasons). It was arranged that the interest would still accumulate. ...
Saw this late fee statement on a commercial rent invoice and wondering what it means."Late fees: 10% late fee or $300 assessed if this invoice is not paid in full by the 5th of the month."To me this is not clear if th...
Team,
My business partner and I own over 100 units across many properties and loan types.
We have a very basic PFS but curious if anyone knows of a detailed PFS to input all of our property information and that wil...
Looking at a four-plex as my first multifamily venture. I have the rent roll and expenses for the past three years and have a question about an item in the expenses column. It's entitled "Inv. Fixed Asset" and is one ...
I have never set this up in my Buildium software but should I? What are the major benefits and drawbacks of using this feature? I am curious who does this and how hard it is to set this up after I have been using my s...
This is a general question for those with more accounting experience.I am trying to build a "rental resume" before sitting down with local banks and I am wanting to include a profit and loss summary for each of my ren...