Posts Archives

To View Large Screen, click button in lower right corner

You are unauthorized to view this page.

Question:

Mike, I keep notes on my tenants and vendors.  Notes the one they can’t see.  I would like to print off all the notes I have for  1 vendor.  How do I do this?

This would be great for tenants also.  Again, this is for the Notes they cannot see.
--- Thanks, A. - Texas

ANSWER:

This short 2 minute video shows you how to do it. It's simple to just follow step by step

Mike Butler

You are unauthorized to view this page.

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

Examples:

Home Depot account, Lowe's account, Menard's, Paint Store, Local Hardware, etc.

4 minute video

You are unauthorized to view this page.

IRS 2020 Inflation Adjustments for Pension Plans, Retirement Accounts
The IRS has released the 2020 cost-of-living adjustments (COLAs) for pension plan dollar limitations, and other retirement-related provisions.
Highlights of 2020 Changes
IRA Contribution Limits: 
  • 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).
The contribution limit for employees who take part in 401(k) plans, 403(b) plans, most 457 plans, and the federal government’s Thrift Savings Plan, has increased to 

You are unauthorized to view this page.

ARMs

Adjustable Rate Mortgages

18 min video

You are unauthorized to view this page.

QUESTION from Stacey
(italicized green are Mike's comments)
Hi Mike,
I've watched every video that I have access to, but I am still unclear on how to put in my private loan balances. 
For example, I purchased a property last year. 
I borrowed money from a private lender, (and deposited this money PRIOR to closing) put that in my (Operating Bank Checking Account) account and then paid (took a check) cash at closing. 
Stacey is describing how to pay cash at closing when buying a property when using a private lender who funded this purchase without it showing on a closing statement.
I entered the closing statement as (starting with) a check.
 
Where do I enter the $50,000 loan I'm paying on every month? (I memorized a check I can send every month, but I don't know where to put the balance of the loan.)
Watch this short 20 min video I prepared for you Stacey
- Let me show you how to enter all of this in a few simple steps --- it really is brain-dead simple when you use the Post Office Method of Accounting as your foundation
If I could have help with one of these properties, 
then I am hopeful  I could input the rest of them correctly. 
Please advise! Thanks!
Stacey
ANSWER:  

You are unauthorized to view this page.

How To Properly Enter a Cash Out Refi

or any Refinance
18 minute video

Click the Link Below This Video To View

You are unauthorized to view this page.

10 Absolute Must-Read Real Estate Books for Investors

by Chad Carson | BiggerPockets.com

CLICK TO READ ARTICLE

 

Click to Order Your New "Landlording On AutoPilot" Book

 

You are unauthorized to view this page.

 Mike's "Post Office Method" Accounting

Recording of LIVE Training Workshop

QuickBooks 101 - The Basics

includes Mike's "Post Office Method" Accounting

146 minutes - click lower right corner to view full screen

if you have trouble viewing, please use different browser - Chrome, Firefox, Internet Exploder, Safari, etc

You are unauthorized to view this page.

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

You are unauthorized to view this page.

 Page 1 of 4  1  2  3  4 »