Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 914 votes
Genuine question for anyone running more than one flip, wholesale deal, or project right now: do you actually know which one made you the most money this year, or is that something you'd have to dig for?
CPA who works specifically with active real estate businesses doing $300K+ a year or about $25K+ a month, happy to swap notes if that's you, just DM me.
@Jason Malabute Buddy I think you’d have to look beyond the cash that came in and compare the actual net profit on each project after financing, holding costs, labor, and other expenses. A deal can bring in more revenue but still leave less profit than another one. Project-by-project tracking seems essential, especially when you’re running several at once.