YNAB for house flipping business?
Does anyone use YNAB for their business that buys, sells and rehabs houses? If so how do you break down the properties and expenses associated with them?
Hi Hot Pink Motherboard !
I watch so much HGTV that I'm excited to see who else weighs in here! Going through the forum, I haven't seen anyone in particular who does house flipping regularly. I've seen one or two that invested in fixer uppers and I believe they had the properties set up as category groups. So the category group would be 123 Main St. and all of the sub categories would be related expenses.
However, I'm not sure how clunky this would become if you have several houses at a time.
I'm interested to see how others handle this - hopefully someone else will chime in soon! :)
Hi Faness, I had been thinking about doing it by property too but like you I’m not sure, if that would work because through the years we’d end up with a huge list of budget categories. I guess I could hide the previous year’s once it’s closed out? I really really want to be able to use YNAB instead of Quickbooks!