QuickBooks For Investors America's Only Complete System For Real Estate Investors using Quick Books Pro
19 min video
How to Properly Enter
a $2,000 Earnest Money Check Paid to You
QUESTION from Chuck:
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
Chuck C
18 min video
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
Marietta
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.
Realistically how long would it take me to do that?
Would it make year-end enough easier for me and my CPA?
What would you do?
Congratulations Michael
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
Year End Escrow Analysis
Your money held by lender to pay property taxes, insurance, and/or HOA fees
also includes changing your monthly payment if needed
4 min video
(your money held by lender to pay property taxes and insurance)
12 min video
This short 12 minute video shows you how to do it.