How do others organize their flip properties info?

Question

Hello BP! This question is for more experienced flippers and flippers...

I've been investing for 10+ years now (flips/buy and holds) and have switched to being a full time investor for about the last two years. Whenever I've done a flip I've always compiled all of my receipts/invoices, HUD1's (purchase/sale), tax docs, permits and any relevant info for that specific flip in a black binder labelled with the address of the property. I've always organized this way but it just feels like a very bulky and dated way of doing things. What have other flippers done to keep their flips organized? I appreciate any suggestions or ideas. Thanks in advance!

Chad Jarrah · Answer

Thanks Percy N., thanks J Scott...I guess I better get my business out of the stone age. Just kept focusing on finding and flipping the properties, never gave the organization aspect enough commitment. Will start setting that up.

J Scott · Answer

Quickbooks, lots of custom spreadsheets and then folders for each property for paper docs and receipts.

Percy N. · Answer

I prefer to keep as much of it electronically as possible.

Yes, there are some receipts that I do not bother scanning, but for the most part it is paid via check or credit card which feeds into Quickbooks.

All HUD-1s, agreements etc are stored electronically.

Files are backed up in the cloud and on an external drive.