Archive for 'quickbooks for real estate'

How to Enter the Sale of Your Property – QuickBooks for Real Estate Training Video

This Short Video shows real estate investors how to enter the Sale of one of your properties, including a wholesale deal.

Please do not try to memorize this 3 step procedure, unless you are doing a deal a day.

Just refer back to this video.

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Tenant Tracking Inside Look and Overview

Tenant Tracking is part 2 of the Investor Books Pro System™, The Only System for Real Estate Investors using QuickBooks Pro.

www.InvestorBooksPro.com

Investor Books Pro Overview Video 7min Video

Here’s a great 7 minute…

My Computer Got A Virus! What About My QuickBooks Pro Files?

Question:

“I ordered your book/cd tenant tracking module which was a great help but I’ve recently got a virus on my computer and had to switch to my other one. I’m having a problem restoring all the old files. I tried install everything but can’t seem to restore any of my old files back  to the tenant tracking module. Can you help me out?” – Art C.

Answer from Mike:

Great question Art,

her’s your simple solution….

1.) Where do / did you keep your Click to Access Video or Read More

QuickBooks for Real Estate Flips How To Enter Repairs

Question From Steve:

Hello Mike,

I looked through the Investor Books Manual and did not see this …

When doing a flip, the repairs will be a capital expense versus an ordinary expense.

How are you booking the repairs?

                                  Steve

 

ANSWER: Great Question Steve!

Yes, it is in the manual; however, you will not find the word “FLIP.” (I hate that word and back in the day, the term “flip” was also used to describe a fraudulent real estate transaction. And before the downturn of the economy, the Feds were targeting “flippers” of real estate even though they did not understand ethical investors used the term for a legal transaction.

All right, i am off my soapbox.

Therefore, replace your word “FLIP” with Click to Access Video or Read More