REI Business Foundation Seminars
Real Life Accounting for Real Estate Investors: 2-day Boot Camp
4 DVDs – 14 hours. Intermediate-to-Advanced level
Nothing is more damaging to your business profit than sloppy accounting. This boot camp will stop your money from leaking. Save THOUSANDS of dollars every year!
You need this unique course if you are:
– New investor ready to set up good bookkeeping practices
– Experienced investor tired of lousy accounting and wasted money
– Bookkeeper working with real estate investors
Again I was dazzled with up to date information presented in an easy to understand format.
David Henke, Realtor and Real estate investor.
Excellent delivery and understanding of course material. Travel from Atlanta was well worth every penny.
Anthony Welch, Real Estate broker and investor.
Day 1 program
- Critical distinction between accounting for cash flow and accounting for IRS taxation
- Introduction to IRS taxation of Real Estate businesses (there is no such thing as “Real Estate investor” for the IRS)
- Classification of REI businesses (there are only two principal kinds of real estate investments; everything else are variations of these two)
- Real-life examples of lousy bookkeeping (why most general-practice bookkeepers are unable to help REI investors)
- IRS concept of taxable income and deductible business expenses.
- Three types of money spent: expenses, assets, and inventory (aka COGS)
- IRS treatment of start-up costs in various types of REI businesses
- Introduction to double-entry bookkeeping (why QuickBooks trade name is misleading)
- How to read HUD-1 statements (aka settlement statements aka closing statements)
I really liked how you broke it down. It was really easy to follow and understand. I have a great understanding now of what needs to be done. Your class could not have come at a better time. GREAT CLASS! I really got a lot out of it!
Will Denker, Master wholesaler, 10 years of REI experience.
I work for a CPA firm, but this workshop has brought me information that was not shown to me during my regular job. Thank you.
Diana Barnett.
Day 2 program
- Recommended Chart of Accounts for REI businesses
- Recording fundamental transactions for property dealers/resellers/flippers
- Recording fundamental transactions for landlords
- Recording financing and refinancing of investment properties
- Recording money transactions between business and its owners
- Advanced REI transactions: owner-financing, repossessions, foreclosures
- Bookkeeping approaches for multiple business entities owned by the same investor
- Best accounting practices
I was really impressed with your ability to take a complicated and boring subject and not only make it easy to understand but actually fun, no I really mean it. Probably the most valuable thing I picked up today is the relationship between bookkeeping as a business and bookkeeping for taxes. I liked the way you kept us engaged. Thanks for the sacrifice you made in making such a good presentation.
Ray Sasser, REI investor, mentor, and former President of the RICH club.
The live boot camp was priced at $797. Your investment in this at-home training, including workbook, is $397. Your savings from applying this knowledge? Could easily be $5,000 or $10,000 or higher – each year thereafter!
FREE bonus: 5-page Concise Introduction to Real Estate Bookkeeping – $50 value
BETTER VALUE: All 4 “REI Foundation” seminars for the price of three: $1,097 – one seminar FREE!
BEST VALUE: Entire library – all 11 seminars for the price of seven: $2,497 – FOUR seminars FREE!
Hi,
I am new to bookkeeping and wanted to purchase REI Accounting DVD today, I just want to know about any return policy just in case and I do not see one on here, will you help me please. Thank you.
Sorry Karmyn, did not see your post earlier.
You can see the return policy here at the bottom: https://www.michaelplaks.com/products/recorded-seminars
If you’re still interested, we will give you a discount for our delay responding. 🙂