Your house flipping spreadsheet doesn’t need to be complicated, but it needs to work. Too often, new house flippers choose either extreme: not tracking anything or building out a system WAY too robust for their needs. In reality, when it comes to renovation budgeting, expense tracking, and making sure you’re paying contractors, your system doesn’t need to be so multifaceted—it can be as simple as the one master house flipper, Tarl Yarber, uses.

Tarl was in a mess back when he started flipping. Everything was unorganized, his accountants had barely enough information to help him, and the IRS was knocking at his door. He was searching through documents late into the night just to find receipts he couldn’t bother to record. But then he started using his trusty excel spreadsheet, which helped him know EXACTLY where his money was coming and going—eventually leading him to scale his flipping business.

Tarl shows exactly how you too can make a spreadsheet like this, what other software picks Tarl would suggest using, and why doing this now could save you weeks of time in the future. Take it from a trusted home flipper like Tarl, this is NOT something you want to be lacking on if you want to make money in real estate.

00:00 #1 Reason Why Flippers DON'T Succeed
01:21 Start Tracking EVERYTHING
05:12 The 5Minute House Flipping Spreadsheet
08:03 Software You NEED
11:14 This is CRUCIAL to Scaling
12:45 What a Completed Project Looks Like

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Check out Last Week’s Episode on Tarl’s $70K House Flipping Fail:
   • The $70K House Flipping Fail | Before...  
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The Guide To Flipping Houses for Beginners:
https://www.biggerpockets.com/guides/...
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The 6 Most Important Calculations When Assessing a Fix & Flip:
https://www.biggerpockets.com/blog/fl...
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Software Mentioned in This Video:
Excel: https://www.microsoft.com/enus/micro...
Google Sheets: https://www.google.com/sheets/about/
QuickBooks: https://quickbooks.intuit.com/
Smartsheet: https://www.smartsheet.com/
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Connect with Tarl on BiggerPockets:
https://www.biggerpockets.com/users/t...
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Follow Tarl on Instagram:
@tarlyarber or   / tarlyarber