When most people think about hiring a bookkeeper, they picture a retail store or service business. But if you’re a real estate investor, your needs are completely different. Yes, real estate investing should be treated like a business. But the way money flows, the way transactions are recorded, and the way reports are built are...Read More

After speaking with hundreds of real estate investors about their bookkeeping, I’ve identified one common mistake that most house flippers are making. To understand the mechanics of this mistake, it helps to have a basic understanding of accounting. When classifying bank feed transactions, one overarching question needs to be answered: Should this cash outflow be...Read More