House Flipping Spreadsheets??

[Miles Mardesic]

Looking into doing my first house flip in the next couple months. As of now I'm in the budgeting/pricing stage and trying to make spreadsheets for the costs (buying costs, rehab costs, holding costs, selling costs) I'm a very analytical person so Id like to get my spreadsheets as accurate and as close to the dollar as possible. The thing is I'm not an excel/google sheets wizard so I bet mine isn't as pretty or detailed as others. Just looking for some input and see what others have came up with to improve my own. Links would be very much appreciated!

Cheers!

[Jim Kalish]

@Miles Mardesic I'm going to recommend 2 books to you.  Both are by J Scott and available in the Bigger Pockets bookstore.  The first is "The Book on FLipping Houses".  It walks you through the process step by step.  The second book is "The Book on Estimating Rehab Costs".  It goes through each of the top 25 components that you should consider, one by one, when estimating rehab costs including roof, gutters, siding, ext paint, etc.  As you can see it start at th etop exterior and ends mold and termites.  And at the end there is an 11 page workbook with sections for each of the 25 components, the tasks for each component, the unit cost indicator (sq ft, cubic yard, each, etc) an estimate of labor costs (this book is from 2013 so you will need to make adjustments) and a column for material.  Watch out for material cost. They have tripled in some cases over the last year.  And you can use the spreadsheet format for a Projects Schedule workbook and if you so inclined a Work Breakdown Structure (WBS) for the PMs among us.  Good luck,