ID INSIGHTS
Its a very common question I get: Why is my cash at closing not the same as the Net Profit on my P&L??
Investors have long been trained that the cash they receive after closing the sale of...
You should not be using Locations to track property-specific transactions! Instead, use Classes or Customers. I show you why in this video!
Without question, one of the most common questions among real estate investors and their bookkeepers is: "Should I capitalize this cost or deduct it as an expense" I'll break this down and show you...
Many mortgages require that you pay a monthly amount toward Tax & Insurance every month. Check out this super simple method for recording these escrow payments as well as the payments coming...
Following up on the Cash purchase, this video demonstrates how to purchase a property with financing. Specifically, we'll hit
- Capture the Loan as a LT Liability
- Differentiate loan costs from...
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