Technical Course Designed for Real Estate Investors & Bookkeeping Team Members
You should only enroll in this course if you already have a solid understanding of the real estate investing industry.
This Technical Nuts & Bolts Course Gives You:
- How to read Common REI Documents
- How to Setup an REI’s Accounting Structure in QuickBooks Online
- How to Clean-Up & Maintain an REI’s books Monthly & Yearly (includes odd scenarios you may see)
- How to Pull Financial Reports that are Valuable to REIs
- 3+ years of lessons learned (struggles) consolidated for you here
Current Curriculum
Module 1 - Welcome!!!
Available in
days
days
after you enroll
Module 2 - Common Real Estate Investor Documents
Available in
days
days
after you enroll
- HUD Statements Overview (8:40)
- Loan Statements Overview (6:21)
- Promissory Note Overview (6:24)
- Amortization Schedule Overview (9:14)
- Line of Credit Statements Overview (HELOC in this example) (4:37)
- Property Management Statements Overview (6:56)
- Venmo/Cash App/Paypal/etc Exports Overview (8:22)
- AirBnb & VRBO Exports Overview (9:49)
- W9 Form Overview (2:57)
- Receipts Overview (3:28)
- Cost Segregation Study (15:48)
- Module 2 Quiz
Module 3 - Setup
Available in
days
days
after you enroll
- Modifying All Settings in QuickBooks Online (11:52)
- Coding Flips versus Rentals Introduction (5:45)
- Custom REI Chart of Accounts Walkthrough (13:45)
- How to Import Custom Real Estate Investing Chart of Accounts into QuickBooks Online (9:32)
- Freeing up accounts within the Chart of Accounts (if more accounts are needed) (7:33)
- Linking A Bank Account & Credit Card Account to the Bank Feed (10:13)
- Creating Rental, Flip, & Wholesale Properties using the Customer Feature (16:09)
- Creating Recurring Vendors & Customers (4:45)
- How to Create & Delete Businesses, Classes, etc (5:15)
- Creating PITI Escrow and Loans by Property Custom Reports (great for reconciling) (6:40)
- Depreciation Schedule Worksheet Walkthrough (if you're factoring in depreciation monthly) (11:35)
- Amortization Schedule Worksheet Walkthrough (Loan/Finance Charges) (6:23)
- Module 3 Quiz
Module 4 - Clean-Up & Monthly Maintenance
Available in
days
days
after you enroll
- Recording Opening Balances - Video 1 - Overview (22:05)
- Recording Opening Balances - Video 2 - Form 1040 (Personal Tax Return) (17:45)
- Recording Opening Balances - Video 3 - Form 1120S (S Corporation Tax Return) (22:15)
- Recording Opening Balances - Video 4 - Form 1065 (Partnership Tax Return) (24:39)
- To Capitalize or Not Cheat Sheet for Rental Properties (18:18)
- Understanding Earnest Money Deposits & Common Scenarios (9:53)
- How to code a Flip property Purchase HUD statement (16:22)
- How to code a Flip property Sale HUD statement (14:39)
- How to Record the Adjusting Journal Entry after a Flip property has been Sold (11:40)
- Coding a Flip Profit "Split" Distribution to a Partner (10:32)
- How to code a Rental property Purchase HUD statement (24:11)
- How to code a Rental property Refinance HUD statement (21:15)
- How to code a Rental property Sale HUD statement (25:20)
- How to code Two Properties on One Sale HUD statement (22:45)
- 1031 Exchange: What is it & How do we code it? (17:53)
- Seller Finance Notes Receivable Scenario (REI sells property but holds note for buyer) (11:52)
- Subject-To Financing: What is it & How do we code it? (11:52)
- Property-Type Change: Flip to Rental & Rental to Flip (15:40)
- How to code a Wholesale (3:55)
- Coding a Property Management Owner Statement (including Balances that carry over from month to month) (20:56)
- Coding Venmo/Cash App/Paypal/etc Exports (11:36)
- Coding AirBnb & VRBO Transactions from Exports (15:44)
- Coding Rental Income through bank feed (2:11)
- Coding & Splitting a Loan Payment between Principal, Interest, & Escrow (PITI) (9:41)
- Coding a Rehab/Construction Draw from a Lender (6:17)
- Splitting a Contractor's Receipt/Bill (3 Common Scenarios) (18:53)
- Joint Ventures - Video 1 - What is a Joint Venture in Real Estate Investing? (6:55)
- Joint Ventures - Video 2 - Flip Property Joint Venture Scenarios (26:07)
- Joint Ventures - Video 3 - Rental Property Joint Venture Scenarios (29:46)
- Purpose of "Ask My Accountant" accounts & How to export them (10:16)
- How to Record/Review Receipts (4:09)
- How to Categorize Travel Costs in Different Scenarios (6:09)
- Module 4 Quiz
Module 5 - Month-End
Available in
days
days
after you enroll
- Month-End Documents You Need (7:10)
- Coding Cash on Hand transactions (7:38)
- Coding Month-End Depreciation & Month-End Amortization (13:03)
- Coding a Loan (PITI) Escrow Property Insurance and/or Property Taxes payment (Lender-paid) (7:03)
- Coding Payroll Statements & Transactions (14:19)
- Reclassify Feature Within QBO (6:23)
- Reconciling Financial Accounts at Month-End (8:34)
- Reconciling Notes Payable & PITI Escrow balance per Property (9:11)
- Producing Financial Reports & Saving Custom Reports (5:12)
- Producing Financial Reports per Property or Multiple Properties (9:50)
- How to read a Real Estate Investor's Statement of Cash Flows (SOCF) (16:30)
- How to Calculate Cash on Cash Return on Investment (CoCROI) for a Rental Property in QBO (17:35)
- Module 5 Quiz
Module 6 - Year-End
Available in
days
days
after you enroll
- How To Stay Proactive for Tax Season (8:02)
- Pulling a 1099 Form List from QuickBooks Online (19:02)
- Coding a Cost Segregation Study Results (10:46)
- Coding Year-End Equity Adjusting Journal Entries (14:18)
- Coding the Tax Professional's Year-End Adjusting Journal Entries (13:05)
- Reconcile Property Balance Sheet Accounts to Previous Tax Return (& All Other Balances) (16:25)
- Module 6 Quiz
Module 7 - Congratulations & Thank You!!!
Available in
days
days
after you enroll