Remove Banking Remove Equity Remove Remodeling
article thumbnail

More Americans Became Equity Rich During the Pandemic

Pro Builder

More Americans Became Equity Rich During the Pandemic. As home prices reach record highs, more homeowners are gaining significant equity, meaning that some can even sell their homes for twice the amount they owe on their mortgages, according to Realtor.com. of homes with equity in the United States were equity rich compared with 28.3%

Equity 52
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. These notes have done extraordinarily well the last eight years,” Mr. Raghunathan said.

Housing 52
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

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?" All Bookkeeping Methods Share The Same Accounting Equations.

article thumbnail

Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?" All Accounting Methods Share The Same Accounting Equations.

article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. -. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits. Bank Account - Payroll. Bank Account - Operating.

article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Their primary function is preparing the annual tax return, performing audits and preparing Certified Financial Statements for bank loans and when a construction contractor requires them before issuing a construction bond. Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash.

article thumbnail

QuickBooks Online Converted To QuickBooks Contractors Desktop Online

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. -. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?" All Accounting Uses The Accounting Equation. Cash On Hand.