The ONLY Resource You’ll EVER Need to Turn Your Buy-Rehab-Resell Business into a Thriving, Automated, Revenue-Generating Machine
A Simplified Accounting Solution for Real Estate Flippers & Those Who Support Them
It’s Gita Faust here – Top Real Estate Accountant, QuickBooks Expert, and Trainer.
The fact that you’re reading this tells me you’re ready to make more money flipping real estate properties.
I’m pulling back the curtain on the flipping process and will show you exactly what you need to do in order to turn your house flipping business (or the one you support) into money-in-the-bank results.
Your success in real estate flipping depends on whether or not you have the right accounting, bookkeeping solution, and management team in place.
And while setting up your accounting system is not as glamorous as completing an actual rehab, it is absolutely necessary for the growth of your business.
So let’s get started.
Making a profit from flipping houses is risky business and while there is money to be made – the unwary can lose thousands of dollars and more!
Your Flipping Business might be at risk if…
Successful rehabs accounting and bookkeeping are not a mystery. There is an actual method to their madness. Organize, track and review each property!
It’s time to become the CFO of your business so that you can:
You’re in the right place if…
You manage real estate investors or developers and want to implement an accounting system that delivers results
You want a highly customized, automated and reliable accounting and management system for streamlining the business
You’re ready to make some serious MONEY so that you can finally have the lifestyle you’ve dreamed of
This is NOT for you if…
Make sure that whoever you hire has this information as it will save you a ton of money by making sure you get the right system in place and reducing the number of hours needed to get it done right.
Successful flipping properties are not a mystery. There is an actual method to their madness!
Having the right accounting systems in place is the only thing that separates average investors from great ones.
The system is the engine behind your success, and the one you choose to use will be the determining factor in how well you do in the buy, rehab and flip business.
The accounting and asset management system I am about to show you is the same one I use for my private clients who pay me tens of thousands of dollars to implement it for them.
But not everyone has $10,000+ to spend on hiring me nor do I have the time to help everyone who needs it!
That is why I created a simple and do-it-yourself method for implementing the right systems into your business.
It’s like I transferred all of my knowledge and experience (25+ years of it) to you so that you can instantly promote yourself to CFO of your flipping business.
From average and struggling to PRO and PROFITING in no time!
Step 2: Implement the system using easy to follow step-by-step instructions.
Step 3: Use your new system – again and again – for the life of your business.
Step 4: Build tremendous wealth, love what you do and WIN BIG in life and business.
Want a sneak peek? Click Here!
So simple in fact that most people overlook the hidden power that having a scalable system can bring to a real estate flipping business.
But not you!
In any business, it is nearly impossible to stay afloat without having the right foundational support you need – and this is especially true in the real estate flipping business.
|IMPLEMENT A SYSTEM that will streamline your deal flow, track expenses and maximize profits in your Real Estate Investing Business.||DON’T IMPLEMENT A SYSTEM and risk your profits or worse, the demise of your business, your savings, and your dream.|
I’ve mastered how to use the power of QuickBooks specifically for Real Estate, and as a result, I’m now considered the #1 QuickBooks professional for Real Estate Professionals in North America.
I’m an expert Accountant, the recipient of the coveted QuickBooks award for the “Top Niche ProAdvisor in Real Estate and Property Management” and have been included in the “Top 100” three years in a row.
In other words, I’ve got bragging rights.
Clients hire me when their business is either on the verge of devastation or heading that way quickly, or they’re ready to up-level their results but don’t know how to do it.
You’re in good hands because I understand the unique needs and challenges that exist when operating a BUY-REHAB-RESELL business like no one else.
My experience over the years has shown me time and again that Real Estate flippers and the people who support them don’t realize just how risky it is to improperly manage a flipping project until it’s too late.
(With all this money at stake, the unknown tax implications alone are enough to wreak havoc in your business and life – not to mention your credit, reputation, liability and more).
Moreover, I’ve seen way too many would-be flipping stars just “winging it” and ultimately, end up losing massive amounts of time, money and energy!
I couldn’t stand by and let this happen – so I created a do-it-yourself method for turning YOU into a PRO CFO for your real estate flipping business.
An affordable step-by-step guide to setting up an accounting and asset management system that will streamline your deal flow, track expenses and maximize profits in your Real Estate Investing Business!
(New to QuickBooks? Don’t worry – you can use this training manual even if you’ve never used QuickBooks before. It was designed for QuickBooks users of all levels: basic, intermediate and advanced.)
170+ industry specific customized reports for your flip business. (These are the SAME reports I give to my private clients and will save you 30+ hours and $4500 in consultant fees).
A customized QuickBooks Company Template File and an industry specific Chart of Accounts ready to go! (You’ll immediately be able to start recording data that is specific your company like customers, vendors, expenses, profits, losses, and transactions.)
My premium checklists. (These popular checklists will save you precious time and brain power by making it easy to track all the moving pieces in your flipping business.)
By the time you are finished implementing what I teach you in this manual, you will be equipped and empowered to MASTERFULLY manage your BUY-REHAB-RESELL business.
Exclusive Access to My Ever-Growing Video Library
Do you prefer to watch, listen and learn? Watch the videos where I show you EXACTLY how to implement the system!
With over 100+ training videos already waiting for you – you’ll have the information YOU need when you need it.
Think of this as of a LIFETIME education.
One Year Access to My Private Facebook Community
You’ll also get access to a thriving community of like-minded people just like you.
This private Facebook group is AMAZING – and I want you to be part of it.
This means access to ME — directly for all of your questions.
This comprehensive guide shows you step by step how to painlessly set up your new system without needing to pay outrageous fees to a consultant to do it for you!
Having this information at your fingertips will help you grow your business and will show you the exact steps you need to take to move your business to the next level.
No more flying by the seat of your pants
No more running over on expenses
No more racing against the clock
No more unexplained losses
No more leaky profits
No more guesswork
Instead, you’ll have immediate access to the most important financial considerations that you need to know to succeed in real estate.
With the right system – you’ll have the power to literally move your flip project and profit forward.
Wow! Why does not anyone tell us to get your system before we buy our first flip? Real Estate Investor, IF you are reading this, MAKE this investment NOW! It is surely a lifetime education. Gita, thanks for convincing us to go with QuickBooks Desktop version.” – Bryant S.
I am going to show you how to set-up the EXACT accounting and management systems that my private clients pay me thousands of dollars for.
And if you hire me at that price –believe me, it would be worth it as my clients tell me all the time that my systems are PRICELESS because they pay for themselves over and over again – with every deal done.
I have yet to have a single client ask me for a “refund” on my work.
You can’t get this information, anywhere else.
This is not just a simple book on theory. This is a hands-on, get-it-done manual complete with customized reports, company file, chart of accounts and everything else you need to get your system up and running.
It has taken me over 25 years and thousands of clients to perfect this system. I’ve got the QuickBooks for Real Estate market cornered and am proud to say that I am the best! (Go ahead and google me – you’ll see :))
- If you were to hire me personally you’d need to spend OVER $10,000.00 to get this system.
- If you hired a consultant to create your own system – $10,000 later you would still only be “hoping” they did a good job and that your brand new but still untested system worked.
- If you hired someone to set up just your company file and build a customized Chart of Accounts PLUS the must-have customized reports, it would cost you $5000+ (and that is only part of what you get when you invest in my book).
You can invest thousands of dollars having others do it for you – OR you can do things the easy AND affordable way… and invest in my easy to follow Flip Real Estate with QuickBooks Desktop.
- QuickBooks File Setup
- This Desktop version is Plug and Play
- Standardize Industry Chart of Accounts
- 170+ industry specific customized reports
- Including Bonus checklists and forms
- 470+ pages of step-by-step instructions for future reference
- Distributed as a Printed Book
- Free Shipping
- Learn to setup and customize file
- Standardize Industry Chart of Accounts
- Learn to customize reports
- Step-by-step instructional videos
- Including Bonus checklists and forms
- Access to my Video Training Library
Want a sneak peek? Click Here!
Do you have a question before purchase? Give us a call 215-579-1465.
This system works – 100% of the time.
So, if you have questions or get stuck on one of the steps, we encourage you to reach out and ask for support. We’ll help you identify the issue and suggest ways to fix it.
We are here to help – each step of the way.
Order Flip Real Estate with QuickBooks Desktop RISK-FREE and get ready to take control of your flipping business you own or support!
The author, Gita Faust has also been instrumental in helping me through the rough spots. She has been there every time I needed help. Her knowledge of this business and how to translate that into QuickBooks is amazing. Thanks, Gita!”
– Ashley Helfyre – Finance Manager, Residential Equity Partners, LLC.
Whichever category you fall into, we recommend that you read each chapter even though you may believe that you can skip one. This is because many chapters are interrelated and include specific instructions, which build on one another.
To start, you will learn how to copy the template file, as well as backup and restore files. Upon opening our custom designed template, you will enter basic information about your Company and begin to apply best business practices.
In the following chapters, we will explore both basic functions and special features of QuickBooks. You will see how easily adaptable the software is for managing your finances on a cash or accrual basis, and how it allows you to produce basic financial reports for your Company easily. You will learn how to use the time management tools within QuickBooks, as well as familiarize yourself with some basic and advanced transactions such as invoicing, reconciling, and deposits.
Once you have your Company’s information together, we will show you how to modify the template file and customize settings based on your business procedures. Having the correct settings and entering data and transactions appropriately produces accurate reports.
We are “tweaking” QuickBooks’ use of Customer:Job in the following manner:
• Customer: Properties, Investors, Title Company
• Job: Individual name and properties
• Customer:Job of Job: Track individual units cost (optional)
To understand this better, let’s say you are a contractor. You have several customers, and for each customer, you have multiple jobs. Similarly, we are using Customer and Job to mean where each player fits in the puzzle.
Add the balances for all unsold properties to record the current value of the property and associated costs.
Before you begin entering opening balances and property values, compile the information about your business operations and properties in one place.
When you begin with a new file, it is very important that you enter all the opening balances the day before your start date. For example, if you are going to start entering data from July 14th, then your balances should be entered on July 13th.
It is very important you follow the steps in order.
Learn how to create an invoice and record payments for money owed to you or how to generate a sales receipt to track money instantly received. If the customer overpaid, learn how to issue a refund, apply it to their account, or hold onto the extra money for a future transaction. If you receive a check that bounces, record it and reinvoice the transaction. Then collect the money by sending emails and monthly statements.
Orders can be used for the purchase of supplies, to keep track of maintenance, or for noting repairs expected to occur. Enter an order to track supplies and/or avoid overpaying a supplier. When you decide to rehab or repair, complete an order to track the need and finally completion of the work.
Track orders by a property. If you have a similar problem later, you will know when the problem was reported, the date of the original repair, and who did the work. Also, track whether you provided proper notice and/or received permission to enter the unit.
Your business is likely to split between managing properties and vendors. As you purchase goods, supplies, and services from insurance companies, contractors, utility companies, and other suppliers, track these products and services, bills, and payments.
The following chapters will show you how to track every interaction with vendors from deposits at the beginning of a job to credits after paying for completed work. We will cover how to enter and pay bills, either online or by using a credit card, petty cash, or your checking account.
Soft money is any money that is loaned to your business by private investors or a partner of the enterprise. You will learn how to track such investments, pay off the principle and interest, and reinvest the interest back into your business. Then learn the procedure for tracking to and from the company’s partners.
Hard money is any money that is loaned to your business by a bank or lending institution. You can track your loans and escrows by recording bills or checks. You will learn the difference procedures construction loans, a line of credit, loans, mortgages, and refinancing, and how to track them. Account for all loans to make sure your company does not miss a payment. Finally, if you refinance your loans, update your QuickBooks file, so you have all the current information.