Author: wizard

Bigger Pockets TOP 20 Books for Real Estate Investors

Posted on By wizard

Landlording On AutoPilot:
A Simple, No-Brainer System for Higher Profits and Fewer Headaches
by Mike Butler

“No author has had a greater impact on my landlording skills than Mike Butler and his book, Landlording on Auto-Pilot.

At the risk of sounding over-dramatic, the lessons I learned after reading it are the reason I spend as much time at home as I do – because Butler is all about creating systems to make the landlording process more automated … and they work.

There are so many tips in this book that I re-read it every year, just to be sure I’m not missing anything! Whether you are brand new to landlording or you have been renting homes out for decades – buy this book and read it… twice!”

Brandon Turner
Senior Editor
BiggerPockets.com

Recommended For: Beginner, Intermediate, and Advanced Investors
Best Books on Landlording

Reviews

QuickBooks Pro 2013 ROCKS for Real Estate Investors!!!

Posted on By wizard

All kinds of great new features in QuickBooks Pro 2013 will make real estate investors’ life easier, faster, and simpler!

While reviewing and conducting some research with my staff, you will love these new features and how to implement them.

They will be shown in detail, with step by step, implementation and after I show them to you, 2 students in the class will join me at the front of the class to show you how easy these features can be turned on!

​Mike

UPDATES

FREE Financial Calculator How To Video

Posted on By wizard 3 Comments on FREE Financial Calculator How To Video

FREE Financial Calculator for your Cell Phone and How to Use It!

12 minute video shows you how to get the Free Financial Calculator

💡 NOTE
      To VIEW LARGER – CLICK ⛶​ on the lower right corner of the video

OTHERS, Tools

QuickBooks for Real Estate – Multiple Entities How To Q&A

Posted on By wizard 3 Comments on QuickBooks for Real Estate – Multiple Entities How To Q&A

QUESTION from Joe:

Hi Guys. In need of some investor books help. here are my questions:

1) In need a video/instructions for creating intercompany transactions.
For example, we have multiple LLC and each LLC has its own tax return.

If all owner capital contributions are deposited into LLC1, then are transferred through bank transactions to LLC2 or LLC3, how do I set up my chart of accounts for that transfer?

2) At year end, how do I clear out the Income Statement for all the entities to Retained earnings?
Remember the Income Statement is organized by class (not separate accounts for each property), so how does that end of year Income Statement get put in the proper retained earnings accounts?

Thank you,
Joe

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REGISTERED USERS ONLY, STEP 6 - Multiple Entities Partnership, HOW TO VIDEOS