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User Stats

2
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3
Votes
Ashley Lehman
3
Votes |
2
Posts

Investment Bookkeeping Opportunities

Ashley Lehman
Posted

I'm really interested in getting started in property investment, but I'm struggling to feel confident in knowing where to start.  I'm currently a payroll manager part time and have done other bookkeeping / management jobs, so it was recommended that maybe I find an investor who is needing help managing their books or payroll.  I like this idea as I think it would give me a behind the scenes view of key financial aspects of investing.  I've never managed books for any kind of investor, but I'm a quick learner and excited by the possibility of getting my feet wet in the field of investing.  Any recommendations or advice is valued.  Thank you for your time!

User Stats

259
Posts
130
Votes
Cliff Benner
Tax & Financial Services
Pro Member
  • Accountant
  • Denver, CO
130
Votes |
259
Posts
Cliff Benner
Tax & Financial Services
Pro Member
  • Accountant
  • Denver, CO
Replied

I used a Job Recruiter who knew my work was looking for an Accountant. I work at a Warehouse Developer that builds from ground up, then rents them out and manages everything so I get to see a lot of sides of Real Estate. 

The recruiter was free for me. 

I also do Bookkeeping as one of my businesses and have lots of Real Estate clients where I get to learn different things about their business and talk with them. 

  • Public Accountant

User Stats

2,190
Posts
809
Votes
Bill Hampton
Tax & Financial Services
Pro Member
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
809
Votes |
2,190
Posts
Bill Hampton
Tax & Financial Services
Pro Member
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
Replied

@Ashley Lehman

Bigger Pockets is a great place for education and networking and is full of great content.

I recommend that you check out the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Check out other online guides available here: https://www.biggerpockets.com/guides

3. Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. You can meet local investors by registering to attend real estate events in your area: https://www.biggerpockets.com/forums/521-events-and-happenings

6. BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators

7. If you can't find what you're looking for, try the Bigger Pockets Fileplace. It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/files

Good luck investing.

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User Stats

52
Posts
30
Votes
Replied

Hey Ashley,

Accounting/Bookkeeping is not my strong suit so maybe we can help each other out.

I run a real estate company in Birmingham AL and I've been in the industry for over a decade.  I'd be willing to teach you the ropes, if you're willing to help me get more proficient with accounting.  

I've done over 75 flips in the past 3 years, we manage 300+ doors, and I own 28 long term rentals.  Would be glad to help you!  

User Stats

282
Posts
140
Votes
Max Emory
Tax & Financial Services
  • Accountant
  • 100% Remote
140
Votes |
282
Posts
Max Emory
Tax & Financial Services
  • Accountant
  • 100% Remote
Replied

@Ashley Lehman, that's exciting!

I highly recommend joining the Bookkeepers for Real Estate Investors Facebook Group.

It's a super supportive group for bookkeeping professionals who serve the REI community. And, there are a lot of REIs in there like myself as well.

I think it could be beneficial to your specific situation.

Best of luck!

User Stats

2
Posts
3
Votes
Ashley Lehman
3
Votes |
2
Posts
Ashley Lehman
Replied

Thank y'all so much for your time, advice, encouragement, and support!