Michigan Real Estate Investors

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One Day Workshop, John Hyre

with... John Hyre

Bookkeeping Basics and Tax Planning for Investors

Basic Bookkeeping for Real Estate Investors and How to Invest Real Estate (RE) via an IRA or 401(k)

Full Seven Hours to learn how to Ethically and Legally hammer the IRS and protect your Assets.

Three and a Half Hours of RE Bookkeeping Basics in Quickbooks

We'll put QuickBooks up on the screen LIVE and set up a real estate company, step-by-step

  • Learn the SIMPLE accounting for:
    • Funding the Company
    • Getting Property Purchases & Sales on the Books
    • Producing an Income Statement for each Property
    • Producing a Balance Sheet for each Property
    • How to record everyday transactions - writing checks, making deposits, etc.

If you are not keeping excellent books, you are subject to automatic IRS penalties, overpaying your return preparer, cannot plan to minimize your taxes, and can forget your entities providing asset protection.

Three and a Half Hours of IRA / 401(k) Questions and Answers

Object of Class: Learn the basics of what you can and cannot do with an IRA / 401(k), both with your own and when using money from others' accounts.  Learn high-yield techniques to balloon income, tax-free of course.  How to avoid disqualification of IRA (Prohibited Transaction Rules) and avoid paying tax in IRA (UBIT or Unrelated Business Income Tax).  How to use LLC's in IRA, including deciding whether or not LLC makes sense for you.  Examples of investments in IRA, including how to super-charge rentals, how many flips can be run and other RE-related techniques.  Plain English format, open for Q&A throughout.

Prohibited Transaction Rules

  • How Aggressive Should One Be with IRA Tax Rules?
    • Impact of Prohibited Transaction on your IRA
  • Related Parties
    • Related Parties Most Everyone Knows About, Review
    • Traps to Avoid: More Subtle Related Party Rules Designed to Disqualify your IRA
  • Sole Benefit / Indirect Benefit Rule
    • Much more Subtle & Dangerous Than Related Party Issues, Rarely Discussed
    • For example, why renting IRA-owned condo to your boss at full rental rates with no discounts ruins your IRA
  • Issues with Clever Transactions
    • Options
    • Participating Loan

When IRA's Are Taxable:  UBIT (Unrelated Business Income Tax)

  • Use of Debt in an IRA
    • When it's taxable, when it's not
  • Taxable Trade or Business in an IRAWhen does eating the tax make sense?
    • Buy / Sell / Flip Transactions as a Trade or Business
    • Rentals as a Trade/Business

IRA-Owned / Checkbook LLC's

  • Asset Protection - does your IRA Need It?
  • Partnering - Advantages & Disadvantages of LLC when Partnering
  • "Checkbook" Privileges - Do you Need to Write the Check Now?

Investment Options (with Examples)

  • Rentals
  • Subject-To
  • Buy-Rehab-Sell
  • Wholesale Buy-Sell


Members w/Guest:
Non-Members w/Guest:

Early Bird Special Pricing...
Up To 4/19/2018
Members: $49.00 -- Non-Members: $69.00

Regular Price
Members: $59.00 -- Non-Members: $79.00

Date: Saturday, April 21, 2018
Time: 9:00 AM - 4:00 PM

Troy Community Center
3179 Livernois Rd.
Troy, MI 48083

Google Map

PHP Credits:
Tenant-landlord Law (2.00 hours)
Tax Law - Other (1.00 hours)
Tax Law - Income (1.00 hours)
Regulations - Federal (1.00 hours)
Contract Law (1.00 hours)
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Event Details

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Date and Time

Saturday, April 21, 2018
9:00 AM - 4:00 PM


Troy Community Center
3179 Livernois Rd.
Troy, MI 48083
Google Map


PHP Credits
What is PHP?

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Michigan Real Estate Investors

3676 Clarkston Rd., Suite A
Clarkston, MI 48348
(248) 394-0150

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