3 January 2019 | 11 replies
A great place to start is https://www.biggerpockets.com/meet Which will help you find someone in your area you can connect with.You'll find some helpful tips at https://www.biggerpockets.com/starthere.For tips on how to get the most out of BiggerPockets, check out: https://www.biggerpockets.com/rei/biggerpockets-com-tutorial/The BiggerPockets Keyword Alert System is an awesome tool: https://www.biggerpockets.com/renewsblog/2012/12/19/keyword-alert-system/See you on future threads!
18 April 2017 | 22 replies
Here is a tutorial in case anyone needs a little more info...
3 May 2015 | 7 replies
I have properties that I rent straight out. However, my poor 80 year old mother fell (and she couldn't get up) and broke some bones and she is in the hospital but we have to move her to an assisted living place from h...
6 May 2015 | 5 replies
There are plenty of tutorials online for free that will get you up in running.
12 September 2015 | 20 replies
As for buildium - if you record the transactions correctly you will have an accurate Cash flow statement to look at - it will not take into account anything you have paid towards principal and subtract that from your noi provided you make the entries correctly and have the chart of accounts set up correctly.So the tricky part is recording the initial entries - I'd actually suggest if you plan on making the move "Officially" Jan 1 2016, start now and enter all transactions for 2015, and 2014 (if you can) into Buildium - it will make the flow go so much smoother and you can learn as you go, insuring you are setting up things correctly as you go along.To record a mortgage in place, just follow their tutorial - (customer service might even walk you through it as well)First you need to have the appropriate accounts set up on the "Chart of Accounts"You could do it any number of ways - one way I'm doing it is -- have a main account titled "Mortgage" under liabilities (long term liability)Then a sub account of Mortgage titled "US Bank Mortgage" "XYZ Bank Mortgage" -- or "Mortgage - US Bank" etc -- Then you will want an account for "Interest" under expenseThen under Assets you'll want an account titled Escrow - then if you want to further track things I'd suggest setting up a sub account titled "Escrow - US Bank" or "US Bank Escrow" or "XYZ Bank Escrow" etc (Escrow would be a current asset)After that you'll need your current mortgage statements -- to start the books you'll need to enter a general journal entry for Escrow, Interest, Principal (Mortgage)Once you have that you're off to the races and can enter the mortgage payment each month, however you'll need to know the breakdown of Principal, Interest, & Escrow - for example the entry in your bank account will look likePayee -- US Bank -- you'll enter the date etcThen below you'll have the breakdown of the total where you'll enter $400 Principal$300 Interest$150 Escrow-------------------------------At the bottom Buildium will automatically add up the totals to whatever your house payment is for the month -- in this case $850Hope this makes sense -- best thing is to just play around with it a bit and keep checking yourself on the entries and in the general ledger -- your mortgage payments have to be entered manually every month, however this takes little time if your mortgage company offers online account access and gives you the payment breakdown - can be done in a couple minutes.Get over the biggest hurdle which is setup and the rest will be SO much easier.
13 December 2015 | 7 replies
I am likely going to buy one of the tutorial books for landlords discussed in these forums (not sure which one yet), but also think your advice about hiring someone to set it up would be well worth the $150-$200...would likely save me lots of time and frustration!
20 January 2016 | 16 replies
It's do able.This site has an ebook on amazon: http://sellerfinanceconsultants.com/They have some tutorials.
10 November 2015 | 5 replies
Is there any tutorial or material someone can direct me towards that will help me learn what is involved in doing this?
10 November 2015 | 7 replies
Thanks,WT Most ebooks and tutorials are setup as cheap teasers to entice you to want to attend a mastermind or weekend long training from the author.
17 July 2015 | 13 replies
(Don't mention I said Amazing hahaha)As for the tagging people with the @ sign go quickly check out this post gives you a quick tutorial.