Any good templates or ideas for creating my own for a four unit that needs extensive rehab. The other part of it is the lot is large enough to put another fourplex on. it - how do I put that into a spreadsheet. Thanks for the advice!
Flipper/Rehabber · Cumming, GA · Member since 2015 · 19 posts · 2 votes
5mo
Hey Brendan,
We used Google Sheets for about 6 years (excel prior) to manage our flips. We are a small size team, I’d say. We were doing about 4-5 projects at a time. The issue we were running into was formulas getting mixed up, cells being deleted, rows being added and then some cells being omitted from calculations - so I rebuilt our entire system. We use QBO for accounting and have a google sheet that automatically feeds any transactions for that property over, but we have a custom built software that handles all of the calculations now. Super helpful.
Just be cautious if you go the spreadsheet route and double check all formulas and calculations.
Any good templates or ideas for creating my own for a four unit that needs extensive rehab. The other part of it is the lot is large enough to put another fourplex on. it - how do I put that into a spreadsheet. Thanks for the advice!
Hey @Brendan Chase. How much will the rehab cost and how long will it take to complete the current fouplex rehab?
Flipper/Rehabber · Cumming, GA · Member since 2015 · 19 posts · 2 votes
5mo
Hey Brendan,
We used Google Sheets for about 6 years (excel prior) to manage our flips. We are a small size team, I’d say. We were doing about 4-5 projects at a time. The issue we were running into was formulas getting mixed up, cells being deleted, rows being added and then some cells being omitted from calculations - so I rebuilt our entire system. We use QBO for accounting and have a google sheet that automatically feeds any transactions for that property over, but we have a custom built software that handles all of the calculations now. Super helpful.
Just be cautious if you go the spreadsheet route and double check all formulas and calculations.
@Jarrod Willis Thabks Jarrod. I imagine once I have it built that I'll use it all the time. I've just learned spreadsheets this past fall and they have blown my mind; our whole modern existence is built on them.