Also there is a thread where @J Scott has a excellent report where he explains getting the correct ARV.

Lookup the excellent blog posts about "are you cut out to be a wholesaler" it captures the skills needed to be successful: tenacity.

lol - only kiddinFINANCING, FINANCING, FINANCING - and the risks involved - how creative can you get - where else can you get money to fund your investmentsexit strategies - what and how to accomplish it - specificallyformulas - EXCEL - learn it, it's a great toolCash Flow Analysis - the real dealProperty AnalysisSeller Information - how to get itMarketing - the fun...but expensive stuff - oh and how to find free avenues for marketing your properties or businessto me, if you spend 6 months doing mock offers, tearing one house to shreds, on paper and really giving a realtor or two hell and improving on your own sheer noobness - it will pay off in spades, rather than get into something way over your head.

well whoever wrote it.......it was an excellent story

Broadview Heights: The city's "safe streets, excellent public education and neighborly atmosphere" earned it a top spot on the list.12.

Great suggestions Tim, and that lengthy post you wrote up was excellent Jim.

I recently invested in a 5br property, and would like to utilize excel to keep track of the investment.

Flipping is certainly not relaxing, but if it helps build capital for a future buy and hold portfolio that is passively managed through various systems you put in place, then it could be an excellent means to an end.

As others have said, excellent questions for your CPA (or a new CPA who understands your structure and situation.

I include the scope of the project as far as what repairs need to be done, itemized budget for the repairs in Excel table format, and 3 neighborhood comps with pictures of those houses and descriptions talking about granite/ss appliances/tile floors/new roof, etc just like my project house will have.Everything is done in Powerpoint so I can make an excellent presentation using pictures and laying it out where I want it.