How to
Properly Enter Buying Real Estate with Seller Financing
19 min video

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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

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How To Properly Enter a Cash Out Refi

or any Refinance
18 minute video

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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”

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Question from Michael J.

I just got your program in December.

I have 15 units.
– 2 single dwellings,
– 2 duplexes,
– 1 4plex,
– Victorian with 5 units.

I currently use Excel documents to keep track of stuff. tax season is not fun for me or my CPA.

 I agree, this will make your tax time a breeze.. the hardest part is your transition and getting all set up properly

Would it make sense for me to input this year’s stuff from January to December.
– of course for 2017, but I assume you mean for 2016? 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:

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How To Set Up Your Escrow Accounts for Your Mortgage Payments

short 12 minute video shows you how to do it

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