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You can make a lot of money in real estate. You can also end up owing the IRS a lot of money if you don\u2019t keep good records. I\u2019m going to tell you how to keep those records today in an episode called, \u201cCounting Your Chickens\u201d

Of course you can only really count them after they hatch. But how do you do it? I've encountered Certified Public Accountants who know Quickbooks well but do NOT know how to book flip houses. Today we are doing a quick overview from the Real Estate Investing Tech Guru himself, Nick Baldo. Nick is an active investor with an amazing grasp of the technology and how it can be used to benefit our businesses. He is going to make sure you know how to record what you're doing and not make a big mess.\xa0

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• Warren, Duluth, GA, \u201cHow can I get a list of foreclosures in Georgia?\u201d
• Peter, Tampa, FL, \u201cWhat are the financial arrangements for buying at the foreclosure auction? How much money do I need to bring?\u201d
• Connie, Decatur, GA \u201cThe ad says cash or certified funds. I guess that means official checks, but if I don\u2019t know how much I\u2019m going to bid, how do I know how much to make out the check for?\u201d
• Demetrius, Macon, GA \u201cWhat type of Deed will I receive? Will it be free and clear?\u201d
• Presley, Milwaukee, WI, \u201cFrom a list of more than a hundred properties being sold -- and I can\u2019t believe it\u2019s so many -- how do you begin to sort it all out to decide what to buy? Do you look at all of them?\u201d
• Collette, Douglasville, GA \u201cHow do you get into the houses to see what kind of work they will need? I\u2019ve driven by a few and it looks like people are still living in them.\u201d
• Earl, Hoover, AL \u201cWhat is the right of redemption? It sounds like a reason I would NOT want to buy at the courthouse steps but perhaps I am misunderstanding.\u201d
• Cynandra, East Point, GA \u201cIf I buy a house and people are still living there, what do I do with them?\u201d
• • Cash for keys
  • Eviction
  • Sell back to them for better deal?
• Jennifer, John\u2019s Creek, GA \u201cI just heard that it takes 30-60 days to get the deed from the foreclosing attorney. What is my legal status in the property during this waiting period and what can I do with it?\u201d

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