Investors & landlords

@rynlee 

 

I thought I was being encouraging ... sadly this forum doesn't allow my personality to shine thru.  I just was trying to sum up the long thread to the brass tacks since the program (that is written at a third grade comprehension level and for the masses) has continually "dumbed" down the process until it is more confusing than it needs to be.  They put in all theseseparate categories of expenses ...which doesn't cover everything ... so the users don't know what they are doing.   

 

Brass tacks :  on a closing statement  ALL the expenses are added to the cost basis (which can be simply added to any category in the program or to the cost of the property yourself)  EXCEPT  those that are entered elsewhere which are basically any pre paid insurance/mort interest/taxes/etc.