Bookkeeping - The Secret to Long Term Profitability

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

The Real Estate Guys

Robertkiyosaki, Realestateinvestors, Realestateguys, Realestateinvesting, Syndication, Investors, Richdad, Realestateguysradio, Business, Investing, Realestate

4.7 • 696 Ratings

🗓️ 11 April 2011

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bookkeeping is the backbone of portfolio management. Good bookkeeping provides the basis of feedback which is essential to working with advisors, obtaining financing, reducing taxes and making sound business decisions. Bad bookkeeping costs investors untold millions of dollars in wasted time and missed opportunities. The Real Estate Guys™ sit down with a QuickBooks Certified Pro Advisor for practical tips and valuable insights specific to real estate investors. Don't let sloppy records hold you back! Tune in and discover how to gain control of your records and cash flow using simple bookkeeping systems. The Real Estate Guys™ Radio Show podcast provides education, information, training and resources to help investors make money with their real estate investing. Learn more and subscribe to the free newsletter at www.realestateguysradio.com

Transcript

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0:00.0	Welcome to the Real Estate Guys Radio Program.
0:02.8	I'm your host, Robert Helms.
0:04.2	Check the calendar.
0:05.4	It is tax time.
0:07.0	Yeah, everyone's favorite time of year.
0:08.5	But today on the show, we're going to teach you some things that are going to be very strategic
0:12.3	in helping you lower the amount you have to pay in taxes and be much more prepared with
0:17.4	all of your real estate investments.
0:19.4	You're tuned to the Real Estate Guys Radio Program. I'm your host, Robert Helms.
0:24.6	Hey, Russ, wake up. We've got a show to do. Huh? Oh, sorry. I was just having the most
0:28.8	awesome dream. I found low-cost rental properties that cash flow in a strong job market,
0:34.4	with prices that didn't fall through the floor during this great recession.
0:41.1	Wow, that is awesome. But you know, you don't have to dream to find a market like that.
0:43.1	We're going on a field trip there in just a few weeks.
0:48.5	Really? Where are we going? To Dallas, Texas. It's a huge market with great infrastructure and lots of people.
0:54.2	Prices are low and rents are strong. And with today's low interest rates, properties cash flow great. And as you know, Dallas is projected in the top three of all job markets for 2010. Plus, Texas is the number
0:59.2	one rated state for doing business. That's amazing. When is it? That's the best part. It's up to you.
1:04.2	We have several dates scheduled so you can go when it's convenient for your schedule. No matter
1:08.0	which weekend you pick, there'll be tours of different submarkets and property types and meetings with local experts, including developers,
1:13.8	agents, and property managers. That sounds great. Well, hurry up and register because space on
1:18.2	field trips is always limited. Go to real estate guysradio.com and click on events or
1:23.0	888 guys radio. For more information, that's real estate guys radio.com or 888 guys radio.
	...

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