We are making a HUGE announcement!!
First, we want to tell you guys a little bit about what’s been going on for the past two years.
Over the last two to three years Matt Beans has been flipping houses, and wholesaling real estate. He’s done everything from acquiring a property to dispositioning property for wholesale. He has built relationships with real estate investors. Not only locally in Phoenix, Arizona, but nationwide.
After wholesaling for a little while, he eventually got into flipping. He flipped his first property, and kind of ran into a couple problems financially.
Cat has been bookkeeping and transaction coordination for real estate investment companies over the last year and a half.
All of this experience has brought us to a major moment!
On the first property Matt flipped in central Phoenix.
He bought it for $145,000.
Then sold it for $255,000.
He was 50/50 with the partner on that deal.
On this deal he was using a spreadsheet. He had all his expenses down. He was super solid…. he thought.
He was taking all his receipts from Home Depot, Amazon, and other vendors, and entering them into a spreadsheet.
The day of closing, July 31st, 2020, he received a call from his partner and he says, “Matt, how much have we spent on this property?”
Matt gave him the number.
As Matt signed all the documents at the title company there were a couple thousand dollars in fees he wasn’t expecting!!
About a week after closing, he started finding all these receipts that totaled $3500.
So, Matt’s partner ended up making a couple thousand dollars more than he did on this deal.
How did this happen!?
After Cat helped Matt get setup in Quickbooks and get things dialed in, they realized a major need in the industry.
Soooo…. We started a bookkeeping business for real estate investors!
We provide bookkeeping for real estate investors in all 50 states.
We might be a good fit for you if:
- Fix and flip investor doing 1+ flips/ Quarter
- Landlord with 5 or more rental properties
- Wholesaling 2+ properties/mo (on average)
- Real estate Agent doing 3+ transactions/mo
Services we offer:
- Track incoming expenses on a monthly basis.
- Reconcile Bank accounts and credit cards
- Profit and Loss statement on a deal to deal basis
- Profit and Loss statement on a month to month basis
- Monthly Balance Sheet
Have you ever asked yourself…
- How much money did I spend on that deal?
- How much did I spend on this?
- Where’s all my money going?
- I see I have money in the account, but things are getting low. Am I okay?
- Can I buy another deal?
What a Bookkeeper can do for you
- Give you peace of mind.
- Ability to scale your business.
- Financial statements to raise money… Cheaper
- Easier tax season… your CPA is going to ask you for a PNL
- A neutral third party bookkeeper keeping track of all the accounting and the expenses in your partnership.
Having that neutral third party involved in your business can really be a strong backbone to avoid a lot of heartache later.
All clients receive an onboarding gift!
Get in contact with us!
Would you miss out on a free consultation from industry experts?
Send us a DM
Message us on our website www.thereibookkeepers.com/contact-us
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Posting a blog post every Thursday.