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Real Estate Accounting - Rehab & Draws (Part 4)
In this episode, Nick Baldo recaps the Real Estate Accounting series, delves into Property Rehab Accounting and Bank Draws, and guides listeners on setting up new accounts and recording property improvements. He also discusses managing lender draws, adjusting loan amounts, and handling escrow accounts. The episode wraps up with a recap of Part 4 and a preview of the next episode.
Flipping: https://www.youtube.com/playlist?list=PL89qBCL2vU2sH_RUyXu80vBY5hR8kLBMK
Free Download: https://www.incomedigs.com/qbosetupguide
Visit our Official Website: http://www.incomedigs.com
Visit our Official Facebook Page: https://www.facebook.com/IncomeDigs/
You've purchased your property and accounted for the transaction on your books. Now its time to get to work! Learn how to account for rehab costs and draws from the bank!
(0:00) Introduction and Recap of Real Estate Accounting series
(1:27) Understanding Property Rehab Accounting and Bank Draws
(2:57) Setting Up New Accounts and Recording Property Improvements
(5:07) Managing Draws from Lenders
(7:16) Adjusting Loan Amounts and Handling Escrow Accounts
(9:50) Recap of Part 4 of the series and Preview of Next Episode
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By Nick BaldoIn this episode, Nick Baldo recaps the Real Estate Accounting series, delves into Property Rehab Accounting and Bank Draws, and guides listeners on setting up new accounts and recording property improvements. He also discusses managing lender draws, adjusting loan amounts, and handling escrow accounts. The episode wraps up with a recap of Part 4 and a preview of the next episode.
Flipping: https://www.youtube.com/playlist?list=PL89qBCL2vU2sH_RUyXu80vBY5hR8kLBMK
Free Download: https://www.incomedigs.com/qbosetupguide
Visit our Official Website: http://www.incomedigs.com
Visit our Official Facebook Page: https://www.facebook.com/IncomeDigs/
You've purchased your property and accounted for the transaction on your books. Now its time to get to work! Learn how to account for rehab costs and draws from the bank!
(0:00) Introduction and Recap of Real Estate Accounting series
(1:27) Understanding Property Rehab Accounting and Bank Draws
(2:57) Setting Up New Accounts and Recording Property Improvements
(5:07) Managing Draws from Lenders
(7:16) Adjusting Loan Amounts and Handling Escrow Accounts
(9:50) Recap of Part 4 of the series and Preview of Next Episode