PART 1 NO.

1
THE BUSINESS
OF REAL ESTATE
Tom Wheelwright

ADI NUGROHO N
08111850080004
THE BUSINESS OF REAL ESTATE
Tom Wheelwright  Real estate investing is a business and should
be run like a business
Robert Kiyosaki  CASHFLOW Quadrant
• move out of the E (employee) and S (self employed)
quadrants and into the B (business) and I (investor)
quadrants
• move all I-quadrant investing into the B quadrant
• to start acting like a business and apply fundamental
business principles to your real estate investing
 Business Principle
1. STRATEGY
2. TEAM TEAM
3. ACCOUNTING 1. Plan.
4. REPORTING 2. Referrals.
5. TAXES 3. Agreements

STRATEGY ACCOUNTING

1. Imagine 1. Purposeful Accounting

2. Financial Goals 2. Accurate Bookkeeping
3. Cash Flow Target • Chart of Accounts
4. Current Wealth • Detailed Data Entry
5. Vision, Mission, and Values • Journal Entries
6. Investment Niche 3. Consistency
7. Criteria 4. Frequency
5. Online Banking
 Business Principle
1. STRATEGY
2. TEAM
3. ACCOUNTING
4. REPORTING
5. TAXES
TAXES

REPORTING 1. Tax Strategy

2. Entity Structure
1. Statement of Cash Flows 3. Travel, Meals, and Entertainment
2. Ratio Analysis 4. Depreciation
• Cap Rate 5. Documentation
• ROI
3. Comparison Reports