Posts Archives

10 Absolute Must-Read Real Estate Books for Investors

by Chad Carson | BiggerPockets.com

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Click to Order Your New “Landlording On AutoPilot” Book

 

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Stay Tuned for 2018 Dates

 

 

Hurry, This One ALWAYS Ends Up SOLD OUT!

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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…
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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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