article thumbnail

Everyone Wants in on Housing Flipping

Pro Builder

Mortgage trusts, pensions, hedge funds, private-equity firms, investment banks and insurance companies all want so-called flip loans, drawn by yields in the range of 8% to 12% at a time when one-year Treasurys pay less than 0.1%. Remodeling. to make more loans to house flippers as well as landlords, who buy a lot of rehabbed houses.

Housing 52
article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits. Bank Account - Payroll. Bank Account - Operating.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Contractor Bookkeeping Vs. Regular Bookkeeping

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?" Cash On Hand. Profit And Loss Report.

article thumbnail

Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?" Cash On Hand. Profit And Loss Report.

article thumbnail

Construction Bad Debt What To Do About It

Contractor Bookkeeping

You are not a bank so never, ever use your high interest credit cards and supplier accounts to provide financing to your customers in the form of providing a lot of labor, material, subcontractors and rental equipment hoping to get paid later on down the road. 1 Annual sales of $250,000 with $45,000 net income including your salary. #2

Debt 49
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The tax for existing entities accrues as of Jan. 25 to $1.75

Income 108
article thumbnail

North Dakota Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Agriculture Partnership in Assisting Community Expansion (Ag PACE): This program has been established to buy down the interest rate on loans to farmers who are investing in other nontraditional agriculture activities to supplement farm income. The total buy down amount per borrower may not exceed $20,000 per project or biennium.