Fast FIRE Bookkeeping for Real Estate Investors

Whether you’ve just locked up your first property,
purchased your first duplex,
or have 10 doors (or more) in your portfolio,
the fact of the matter is:

You’re a real estate investor now.

Your business is thriving. Your cashflow is growing. And your journey toward financial freedom?

Just exchanged its roller skates for a Ferrari. 

(Seriously, let’s pause for a glass of something sparkling and a toast to you, shall we? Cheers 🥂)

But as you’re discovering, Biggie (RIP) was right. “Mo’ money, mo’ problems.”

Dealing with lenders, insurance brokers, investor agents, property managers, and even tenants is one thing.

Keeping track of your finances is a whole other ball of wax...and as you know, the consequences of not doing your real estate business bookkeeping correctly can be serious. (If you get audited, you could be toast, and not the fun clinking glasses kind from before.)

So if bookkeeping feels overwhelming, frustrating, or even downright scary, we feel your pain. 

We were in your shoes at one point...so we decided to do something about it. 

But first, does any of this sound like you?

• There’s a pile of receipts, property manager statements, mortgage statements, etc. in a bank box on a dining room chair...and the pile is twice as tall and starting to look like the Leaning Tower of Pisa.
• Or maybe you’ve dutifully started plugging the numbers into an Excel spreadsheet...but it’s so time-consuming you’d rather watch Caillou with your kids than catch up on the data entry.
• Or, your books are such a mess you don’t know how much you’re really making in your real estate business...and that means you don’t know if you can purchase more properties that will allow you to declare, “I am financially freeeeeee!” like Jack holding Rose at the prow of the ship.
• Or maybe you've purchased accounting software...but you aren't sure if you're using it correctly, and you certainly aren't using your reports to run your business like a CFO.
• OR, you’ve hired a bookkeeper! But, you’re paying some serious $$$ (or even $$$$) every month for what looks like simple data entry...and none of the numbers are telling you what you need to know about the health of your real estate business.

No matter the details of your situation, the reality is that you’re probably not being a professional about your bookkeeping, and that can really end up costing you.

Because #truthbomb - bookkeeping isn’t just a record of the past. When you set up your books right, it’s a predictor of the future.

The Fast FIRE Bookkeeping for Real Estate Investors course shows you how to set up your books properly so you can unlock invaluable insights into growing your cashflow and getting to even Fast(er) FIRE.

When you use our program to set up your books, you’ll be able to:

• Identify where you’re losing money & where you could make more—so you can maximize your profits.
• Discover opportunities for improving your properties—which could be used to increase your material participation hours that count toward REPS.
• Easily spot opportunities to increase income or decrease expenses.
• Feel infinitely less stressed at tax time—because you’ll have clean, professional books that you can hand to your accountant with confidence.
• Maximize your tax deductions—simply because it will be so hard to miss them.
• Defend yourself against an audit—because if you ever have to, you’re the one who has to defend yourself, not your accountant—and having professional books is half the battle.
• Save thousands of dollars if you choose to DIY.
• Or, if you hire a bookkeeper—you’ll be able to tell them exactly what they need to do so you still get all the insights you need to grow your business.

Bottom line: if you thought our COC was exciting...you’re going to love Fast FIRE Bookkeeping.

The Fast FIRE Bookkeeping for Real Estate Investors Curriculum

There are 5 modules inside of Fast Fire Bookkeeping that take less than 12 hours to complete.

Mindset is 80% of success—which is why we focus on creating the right mindset from the get-go. We’ll clear the mind blocks that are preventing you from doing your own bookkeeping before we get down to the brass tacks about the different types of bookkeeping, terminology, and definitions.

In this module you’ll also learn which type of accounting is best for real estate investors, and master the bookkeeping terminology that you’ll need going forward.

While there are other apps out there, we use QuickBooks because it’s the gold standard for small business accounting. In this module, we’ll help you select the QuickBooks product that’s the best for your business.

Most importantly, we’ll introduce you to our secret sauce: our proprietary Chart of Accounts template. We’ll show you how to import it so your books are set up correctly from the start.

Now that you have QuickBooks set up, it’s time to learn how to do the basic entries for real estate. In this module, we focus on only the basic, most straightforward transactions for your books. There’s no accounting jargon to overwhelm you because we’ve focused on the most practical aspects. 

Best of all, we teach you the basics in the context of real-world scenarios, such as dealing with a move-in, reimbursing utilities, etc. 

Building on the foundation we created in Module 3, this module gets into the more complicated entries—but again, we avoid jargon and unnecessary information. 

We focus on the transactions you need to know, such as invoicing renters, reconciling property management and bank statements, how to handle depreciation expenses, and more.

This is where the rubber joyfully meets the road. In this module, you’ll learn how to run, review, and apply the most important real estate reports for businesses that invest in cashflowing rentals—all the things you need to do in order to be the CFO of a professional rental business.

Plus! 3 awesome bonuses that strengthen your success
(and put the extra ‘F’ in CFFO)

You won’t find support like this anywhere else—these alone are worth the price of the course!

✔ Our proprietary Chart of Accounts template

A business’s chart of accounts is a list of its accounts and balances that a bookkeeping program uses to organize your transactions on your reports and tax forms. That organization can also be used to see how much money you have (or owe) in each account.

However, setting up the chart of accounts correctly for a real estate business is not as intuitive as it might be for other businesses. A real estate business has multiple kinds of income and expenses and setting up your books to capture the correct categories takes some work. 

That’s why we created our Chart of Accounts template. It has all of the income and expense categories relevant to real estate businesses, and get rid of the ones that aren’t. Using it will save you a ton of time setting up your QuickBooks account to give you the information you need for tax time as well as business growth.

✔ Lifetime access to the Fast FIRE Bookkeeping Community

As you start taking action on what you’re learning, there’s a 99.9% chance you’ll have questions! But there’s no need to worry about “What if I run into problems?” or “How do I handle this unique situation in my books?” You can get help and support from our team and our experienced course graduates in our Course Community!

The Community is hosted inside of our course (on the Kajabi platform). Any time you have a question, just log in and post it in the group. Most questions get a response within one business day. However, some of the more difficult transactions may require research and those may take between one to two business days.

✔ Guaranteed access to new course modules and updates

We believe in continuous improvement, and this course is no exception! Over time, we’ll be improving the existing modules, and adding new ones as needed. When you purchase today, you'll have access to all future updates.

What our students have to say about FAST Fire Bookkeeping*

*Please see Disclaimer & Earnings Disclosure here.

Meet the real estate investors who swiped right on DIY bookkeeping...and became the Chief Financial Freedom Officers (CFFOs) of their business.

Hi, we’re Kenji Asakura MD and Letizia Alto MD—physicians who have been able to semi-retire from medicine thanks to our lucrative real estate investing business.

By leveraging tax strategies and benefits only available to real estate investors, we were able to achieve financial freedom in under 5 years. 

We’re also the creators of the Semi Retired MD blog and the course “Zero to Freedom Through Cashflowing Rentals” that since 2019 has taught over a thousand physicians and high-income professionals how to invest in cashflowing rentals so they too could create an additional source of income and achieve financial freedom.

When we started our real estate investing business, we quickly discovered that we’d need to do the bookkeeping differently than we had for our other businesses. (Other businesses don’t have pet income, for example!) We needed to set up our books to capture the things unique to investing specifically in cashflowing rentals.

That’s why we created our Fast FIRE Bookkeeping for Real Estate Investors course. We’ve seen firsthand how doing our own books has unlocked the insights we need in order to run our business efficiently. 

Bookkeeping is about more than just record-keeping. It’s about financial growth. Because when you know your numbers, you grow your numbers. That’s what gets you promoted to CFFO in your real estate business.

Of course, there are other ways to do your real estate bookkeeping

You could hire a bookkeeper or DIY your own books without taking Fast FIRE Bookkeeping for Real Estate Investors.

Hiring a bookkeeper is expensive (typically, $85-$100 an hour). But the real problem is that if you rely on a bookkeeper to set up and maintain your books, you run the risk of spending thousands of dollars for record-keeping that’s not specific enough to a rental business. That could mean everything from leaving significant money on the table to not having enough information to support your REPS if you get audited.

If you DIY your books without the course, you’ll have little clue how to categorize everything correctly (we’ve looked, and this information is not easy to find online for free). Or if you do have an idea of how to do it, there’s a high chance you’ll overcomplicate everything...and face having to reclassify hundreds of transactions every year. This is in addition to leaving money on the table and potentially jeopardizing your claim to REPS.

But worst of all, your books will look amateur...which we’ve been told by several experts is a huge red flag for the IRS. If you walk into your audit with a spreadsheet and a stack of receipts, it just doesn’t look professional. ← Can you imagine how stressed out you’ll be too?

Or! You could enroll in Fast FIRE Bookkeeping for Real Estate Investors, take the course and set up your books correctly...and save yourself thousands of dollars, significant time, and the stress that comes with having no idea what you’re doing.