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Updated 2 months ago on . Most recent reply

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Ben Sturgill
  • Investor
  • Lakewood Ranch, FL
5
Votes |
5
Posts

Financial tracking software or spreadsheet

Ben Sturgill
  • Investor
  • Lakewood Ranch, FL
Posted

We do fix and flips with 7-10 projects going at anytime. 
All our deals are financed by a lender at 75% of ARV.

They pay for the house then. We front the cash to start the reno then they reimburse us for the work completed. We pay them back at close.

For people/teams that do something similar, I'm curious what software you use or spreadsheets you've created to: 
Track cash current cash flow and projected cash flow for the whole business that including fixed costs like payroll and variable costs as well. 

Thanks

Most Popular Reply

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14
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12
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Angie Keefe
  • Rental Property Investor
  • SC
12
Votes |
14
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Angie Keefe
  • Rental Property Investor
  • SC
Replied

Quickbooks online could work for what you need.  The Plus subscription would allow you to keep track of each property/project and produce reports for them individually in addition to keeping track of the entire business as a whole.  This could include keeping track of the construction holdback.  We use this in our personal flip and rental business and also in my bookkeeping business with other clients.  Good luck to you in your search! 

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