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ARMs – Adjustable Rate Mortgages from A to Z

ARMs

Adjustable Rate Mortgages

18 min video

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How to Enter Cash Purchase using a silent Private Lender

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) 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 $50000 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 video – 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:

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Refinance including Cash Out ReFi’s

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 from Bigger Pockets

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

Post Office Accounting Method

This article or video is for members only!

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How to Set Up Escrow Accounts for Mortgage Payments

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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FLIPS and Rehabs, Question from Randy

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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QuickBooks Tax Time Documents – How To Go 100% Paperless as You Receive Important Tax Documents

QuickBooks Tax Time Documents

How To Go 100% Paperless as You Receive Important Tax Documents

then simply email your quickbooks pro file to your CPA.

The Only Complete System for Real Estate using QuickBooks Pro

https://youtube.com/MikeButlerDotCom

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Click to Get More Details on Investor Books PRO System with Tenant Tracking

FREE Forms and More with My New Book “Landlording on AutoPilot”

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QuickBooks Tax Time Things To Do BEFORE End of Year

Happy New Year!

Yes, I know the new year is here already, but this 33 min video gives you HUGE jump for Tax Time Now.

Stay Tuned for the 7 Simple Steps to Make Your QuickBooks Pro Ready for Tax Time

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