I know many talented, successful real estate investors. One of the most cringe-worthy things that I hear from some of them is that they struggle to find time to do their books.
*Sigh*
Hey Moguls, Cody Sperber here… as REIs, accounting and bookkeeping are probably not our biggest strengths.
Even if you were blessed with a mathematically inclined, detail-oriented mind (you lucky sucker), you won’t have time to spend hours pouring over the numbers as your business grows. You’ll have better things to do.
Not that the accounting part of your business is not crucial – that’s not what I’m saying! But your time will be best spent on generating leads, making offers, and sealing deals. Let someone else handle the bookwork, and your business can grow exponentially.
Now you may be using something like QuickBooks – and this is perfectly fine when you’re just starting out as a real estate…
Cody Sperber
is founder and CEO of www.CleverInvestor.com. He's successfully closed many different types of real estate transactions including wholesale deals, short sales, multi-unit, subject to, lease options and my own proprietary investing strategy, the Reverse Short Sale. As a new investor he quickly gained a huge competitive advantage by mastering online lead generation, building one of the most successful real estate investing firms in the Arizona market. His companies have bought and sold hundreds of millions in properties and closed hundreds of real estate transactions. Before real estate, Cody served in the Navy and attended Arizona State, and he is now married to his best friend and has two beautiful children (Hudson and Brynlee).