Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Reading Estate Financial Statements
Old 01-18-2015, 04:40 PM   #1
Dryer sheet aficionado
Join Date: Jan 2015
Location: San Francisco Bay
Posts: 27
Reading Estate Financial Statements


I'm curious as I want to buy estate in the future, where do I find a good article/resource to learn to read real estate financial statements?

I appreciate any help,

FelipeA is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-18-2015, 04:54 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,689
I am confused. Do you want to buy stock in a firm such as Dependable Monthly Income from Real Estate - Realty Income Overview , do you wan t purchase a home or condo to rent to others, or do you want to buy a home to live in?

Duck bjorn.
Brat is offline   Reply With Quote
Old 01-20-2015, 10:13 AM   #3
Dryer sheet aficionado
Join Date: Jan 2015
Location: San Francisco Bay
Posts: 27
I didn't realize stocks were offered in estate rentals. I'm curious about buying land/property for renting out. I see lots of properties around for sale but I don't know how to read the financials. I'm not ready to buy but I'm ready to begin researching so I can find some good deals and get some rental income before I graduate.
FelipeA is offline   Reply With Quote
Old 01-20-2015, 02:02 PM   #4
Recycles dryer sheets
Join Date: May 2014
Location: Yuma AZ
Posts: 267
Find yourself a "buyers agent", don't deal directly with the listing agent. The listing agent, and other non buyers agents have an obligation to the SELLER, not you.

Find yourself a quality property management firm that knows the applicable law, can do financial checks, ect.. Get them involved with your search. They "know" good rentals areas, deals, etc., and they have the contacts with inspectors, mechanics, etc., to get stuff done at a lot less cost then you finding a plumber on your own…
unno2002 is offline   Reply With Quote
Old 01-20-2015, 02:26 PM   #5
Thinks s/he gets paid by the post
tryan's Avatar
Join Date: Mar 2005
Posts: 2,447
I could give you my Schedule E's ... err nevermind.
FIRE'd since 2005
tryan is offline   Reply With Quote
Old 01-25-2015, 10:12 AM   #6
Dryer sheet aficionado
Join Date: Jan 2015
Location: San Francisco Bay
Posts: 27
Okay got it, thank you, opened up my perspective.

So this is what I'll file with every year:

A property management firm- NorCal Property Management - West San Jose - San Jose, CA | Yelp they seem to get a very good average review.

A buyer's agent like Zillow Buyer's Agent, Real Estate Agents, REALTORS® - Zillow or yelp to find a quality one Buyers agent San Jose, CA or would you recommend another?

In summary: use a buyer's agent to find a good rental property for cash flow, set up with a property management firm to maintain the property and file my schedule E each year to pay taxes, sound about right?

FelipeA is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Financial professional listed on statements David1961 Other topics 4 07-23-2014 01:48 PM
statements steve88 Other topics 10 08-06-2007 04:26 PM
Popular Mechanics responds to Rosie's 9/11 statements janeeyre Other topics 14 04-04-2007 01:29 AM
Keeping Old Statements? BigMoneyJim FIRE and Money 9 05-12-2006 05:43 PM
Social Security statements after FIRE Nords FIRE and Money 13 08-09-2005 12:38 PM


All times are GMT -6. The time now is 02:31 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.