House Flipping Spreadsheet

Excellent Budget Tracker

Kommentare: Overall I feel it's a great program than any flipper should definitely use. This is a high-risk high reward type of business and it's easy to lose money on if you are not prepared. If you use the spreadsheet like you're supposed to, you will always have the very best chance to be profitable.

Vorteile:

Two aspects that are critical that the House flipping spreadsheet has. The maximum purchase price analysis and budget tracking ability. I flip about 12 houses per year. Not over buying on the house to begin with and staying on budget is the biggest priority for staying profitable.

Nachteile:

There are a lot of reports that I don't use that are under the manage project section. If you haven't flipped a house before, then it would be to use them a few times to get accustomed to the process, but for me, it's additional steps that I don't use.

Exactly what I was looking for

Vorteile:

It does everything needed to Analyze, Buy, and flip. I also got the Rental sheet for my rentals. Exactly what I wanted in a program at 1/3 the price of others.

Nachteile:

I wish it was more tablet friendly. There is a tablet version but it’s missing most of the reports. I would like a version that looks good on a tablet with limited info more for the tracking and accounting. But then be able to open the same sheet on a PC and have full access.

Quickbooks as a spreadsheet

Kommentare: Unless you have copious amounts of time dedicated to mastering all aspects of the sheets or quickbooks is too complicated for you, I’d suggest finding a simpler tool to manage your project with.

Vorteile:

Too many features to speak of. For meticulous investors who are looking to keep track of every single minute detail of the house flipping process.

Nachteile:

Cumbersome. Exhausting. Simply don’t have the time to manage a project and spend an enourmous amount of time on filling in the spreadsheet.

I Love the House Flipping Spreadsheet

Kommentare: This makes it easier to put an investors package together. They can see the numbers broken down in a proffesional way.

Vorteile:

Its easy to use. Once you plug the initial numbers in, it automatically starts creating usable information.

Nachteile:

Its less about the spreadsheet and more about the numbers in this business being complicated. Its a lot of information and i can get lost trying to figure out what section i need to use.

Pleasantly Surprised

Kommentare: Could not have been happier with this purchase. It will continue to serve me and my business for many years. Thank you.

Vorteile:

The features of this software include so many different components that as a house flipper, I was needing. The most useful part I think, is the section that includes dozens of different types of reports including those for contractors, lenders, realtors, buyers, etc. It really is so comprehensive and convenient.

Nachteile:

If you are not proficient in excel, it can take quite a bit of time to get accustomed to the software. However, there are some really comprehensive videos that assist in using the spreadsheet. The customer service is absolutely phenomenal. Every time I called the creator, was the one to answer and help me solve my problem.