All Forum Posts by: Gerald Maliszewski
Gerald Maliszewski has started 1 posts and replied 2 times.
Post: How to Classify house in Quickbooks as Assignment or Rehab
- Investor
- Clawson, MI
- Posts 2
- Votes 1
We are using quickbooks for all property expenses as we acquire them. I am wondering if there is a way to classify them as an Assignment, Rehab or Wholetale (just clean up and take stink out). The reason for this is at the end of the year I would like to compare our numbers by running simple reports of how much money we are making as the exit strategy is one of those three categories.
Post: Using quickbooks to keep track of rehab costs vs. budget
- Investor
- Clawson, MI
- Posts 2
- Votes 1
Cooper did you figure out how to establish a budget using Quickbooks? If so I’m wondering if you have you an overall budget broken into smaller projects such as electrical, plumbing, roofing, windows etc? I have found on a full rehab we have somewhere around 25 to 30 individual projects that have to be done to get the rehab to completion. Being able to track the over all budget, broken down into projects would be awesome.
Secondly it would be really nice at the end of the year to understand how much did we spend on Electrical or any other class as a way to discover opportunity costs.