Question: Mike, I keep notes on…
How to Enter a “Revolving Account” Invoice
this is used for any vendor allowing you to buy stuff on your account
and then pay when they send you your monthly statement
Home Depot account, Lowe’s account, Menard’s, Paint Store, Local Hardware, etc.
4 minute video
- The annual limit on contributions to an IRA remains unchanged at $6,000.
- For individuals age 50 and over, the IRA “catch-up” contribution limit remains $1,000 (this limit is not subject to an annual COLA adjustment).
Adjustable Rate Mortgages
18 min video
How To Properly Enter a Cash Out Refi
or any Refinance
18 minute video
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10 Absolute Must-Read Real Estate Books for Investors
by Chad Carson | BiggerPockets.com
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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
CLICK the Lower Right Corner to VIEW LARGE
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
ANSWER from Mike
I enter the expenses of the
– NO, NO, NO
– when you buy any property,
everything and anything you do to or on this property…
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