Many investors don't see profit until their 3rd house flip, & most underestimate the renovation costs of the 1st flip by 20-30%. House flipping often has a steep learning curve. We've designed a dashboard to help you stay organized, budget better, learn faster, and reach profits sooner.
Our Dashboard is fully comprehensive, supporting your flips from acquisition to property sale.
Customize a list of 30 partners & investors, as well as 100 contractors & suppliers.
Easily track your flip profit sharing across all investors and partners.
Customize your standard checkpoints for each flip, and then conduct an in-depth ROI assessment up front, before ever purchasing the property. The assessment highlights key success indicators such as expected margin and the 70% rule.
Quickly determine your carrying costs such as financing, taxes, insurance, utilities, HOA fees, and maintenance.
Itemize your budget across acquisition & carrying costs, selling expenses, buyer concessions, agent commissions, & detailed renovation costs. Then, compare your projected costs to your actual costs to improve your budgeting process.
Track all detailed expenses, and easily notate material expenses, contractor draws, or when you pay contractors in full.
Each dashboard is set up for 25 active flips, but each workbook will support over 200 property tabs.
Customize an automated milestone timeline & gantt chart for each property, and print for on the go project tracking.
Place the property on the market, and easily review each offer to include total profit, & profit sharing by partner.
Track revenue for any 12-month period, as well as critical metrics for flip performance; % profit of sale value, profit by property, & profit per square foot.
In a real estate landscape where house flipping ROIs have declined from 45% to around 30%, successful investors must be increasingly strategic to maintain healthy profit margins. While reality TV might make flipping look simple and consistently profitable, the reality requires careful planning, market knowledge, and disciplined execution. This guide explores practical strategies to maximize your house flipping profits in today's competitive environment.
SpreadWiseCo LLC