Archive for March 2010
This Week’s Dream Home
Thinking big and dreaming big is how you get into something like this. Of course you should run the numbers before you buy and make sure it fits your budget. This pad is on the market for a mere $13,500,000. Your 20% down payment would be $2.7MM. This leaves you with 10.8MM Financed. The monthly Payment at 6.5% on a 30 year principal and interest is only $68,263.35. So based on conventional thinking, your income in order to afford this has to be approx 4X that amount, or $273,053.39/month. This means you need to be comfortable earning $3.3MM annually to think about a home like this and you had better be able to maintain that level of income on a consistent basis because these homes do not sell fast at these prices. The photo links to the website we grabbed it from (www.dreamhomes.us)
Nice huh?
Ask us about pre-ordering
Pre-order your Real Estate Accounting E-Workbook and I will include a free 1 hour live demo to boot.
e-mail for details – classes@nerdenterprises.com
The Outline So Far
This will likely change, but this is to give you an idea of what we are developing as we develop it. Your comments and suggestions for what you might like to see covered here are very welcome!
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Chapter 2 – Rental Real Estate Buying Your Rental Property Setting Up Your Company File In QuickBooks Recording your purchase in QuickBooks Setting up and recording Security deposit and 1st month’s rent Setting up, recording, and memorizing rent going forward Late Rents Additional Security Deposits How to handle a move-out Calculating, recording, and refunding the security deposit |
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Chapter 3 – Property Management Setting Up Your Company File Setting up your Properties Keeping track of Payables by property |
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Chapter 4 – Construction Accounting |
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Chapter 5 – Selling Your Property Your Basis Recording the sale in QuickBooks |
The QuickBooks For Real Estate E-workbook project has resumed!
We have officially resumed this project! There have been many demands for real estate accounting / QuickBooks instruction. You can also get a great deal of information on how to do things in QuickBooks at our sister Blog – http://www.quickbooksnerd.com. We’ll post up the current outline for the E-Workbook shortly.
