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#40 - Getting Your Books Under Control w. Kyle Turner
Manage episode 381986142 series 3450166
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Our guest today is Kyle Turner. Kyle grew up in Kentucky but has been in Wichita for about 13 years. He is a tax partner at an accounting firm which primarily works with real estate investors. He is also a part owner at Midwest Property Advisors, where he advises investors and offers cost segregation analysis and bookkeeping services. His wife also works in an HOA, so together they are deeply entrenched in the world of real estate investing, and have a wealth of knowledge to offer our listeners. And guess what? He also makes his own whiskey! We’ll leave links where you can buy his products down below.
In today’s episode, we discuss Kyle’s multiple businesses and what services they offer to investors, why it’s important to get you bookkeeping together at the start of your business; how bookkeeping can help you analyze your business, both it’s strength and weaknesses; when to decide to sell your rentals; delegating your bookkeeping or hiring it out; maintaining clarity in your business; market forecasts for the upcoming year; why you shouldn’t jump out just because of market fluctuations; what a PTE (pass through entity) tax is; why it’s so important to talk to a tax advisor as an investor; and so much more!
KEY TAKEAWAY: Get your books set up and under control early in your business so you don’t have to clean up the mess later.
Find Kyle Turner:
Website: www.midwestpropertyadvisors.com
Email: kyle.turner@rcmcpa.com
Phone: (316)-264-2335
Buy Kyle’s whiskey: ww.1620distilling.com
Thanks again for listening, and remember to Rate, Review, Learn and Share.
Until next time!
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