Posts Archives

Click to Access Video or Read More

 

 

Stay Tuned for 2018 Dates

 

 

Hurry, This One ALWAYS Ends Up SOLD OUT!

Click to Access Video or Read More

FLIPS and Rehabs

Question from Randy:

When I buy a house to rehab and flip,
I enter the expenses of the rehab,
Do I enter it as an repair expense?

I do a close out report and I am showing a Capitalized expense,
I do not know how It got there. Help Please

Randy



ANSWER from Mike

I enter the expenses of the rehab “Improvements”

– NO, NO, NO
– when you buy any property,
everything and anything you do to or on this property…
Click to Access Video or Read More

How to Properly Enter

a $2,000 Earnest Money Check Paid to You

If You are a Licensed Real Estate Agent, You will deposit it into your Broker’s Escrow Account

QUESTION: 

Hey Mike,
I am doing a wholesale deal. I will be doing a double close on it.

I received a $2,000 non-refundable deposit (EM but paid directly to me).

How do I enter a transaction like this. I tried to look it up on the videos but the link is broken. Thanks for the help

I tried to look it up on the videos but could not find this one.

Thanks for the help

Anthony Cordova
Registered Active Single User License

7 min video

Click to Access Video or Read More

How To Properly Enter a Cash Out Refi

or any Refinance
18 minute video

Click the Link Below This Video To View

Click to Access Video or Read More

Question from Marietta Grimes:

“Mike, when I am creating statements, a DUE DATE appears in the description area on every statement charge. How Do I Remove This?  Thanks – Marrieta”

Click the link below this video to view

Click to Access Video or Read More

QUESTION from Anthony:

I have a question I cannot find the answer to.
I get bills in on properties, (Ex. Electric bill). In the training documentation it says only to use the bills feature for things like Home Depot credit accounts.

What will go wrong if I use the Bills feature for all bills that come it. I ask b/c it helps me remember what is due.

Is there a better way to remember bills?

Some are monthly, some are not….Ex. new electric service at a house I am re-habbing. I may only have the service for a couple of months but need to remember to pay it.

I know I can use the memorize bill feature, however this does not give me a rundown of what I need to pay like the bill feature does. As my business gets bigger I may not be able to remember everything that is due.

Thanks, Anthony

ANSWER:

Click to Access Video or Read More

 Page 1 of 6  1  2  3  4  5 » ...  Last »