Bookkeeping for Fix & Flip Investors in Arizona

On a flip, the number that matters is what you actually made after purchase, rehab, holding costs, financing and selling costs. If those costs are scattered across credit cards and bank accounts, you won't know until tax time, and sometimes not even then.

We track every flip as its own project from purchase to closing. Rehab costs, interest, utilities, insurance and closing costs all land on the right property, so you see your true profit the day the house sells.

What we handle for fix and flip investors

• A separate project for each property, from acquisition to sale
• Rehab costs capitalized to the property instead of expensed
• Holding costs (interest, utilities, insurance, HOA) tracked per flip
• Hard-money and private loans with points, interest and draws recorded correctly
• Closing statements (settlement statements) booked line by line on purchase and sale
• Payments to contractors tracked for 1099s

Arizona tax notes

Flips are usually treated as inventory, not investments, which affects how your profit is taxed. That's a question for your CPA, and we keep your books organized so the answer is easy to apply.

Arizona cities also have a speculative builder tax that can apply when an owner sells improved or substantially rebuilt property. Not every flip is caught by it, but heavy renovations can be. We flag projects that may qualify so you and your CPA can decide before the closing, not after.

More than bookkeeping: insight you can use

We're more than a bookkeeper who keeps your books current. Every month we look at your numbers and tell you what they mean: where margins are slipping, which costs are creeping up, and practical ideas to make and save more money. Think of us as a light fractional CFO, at a bookkeeping price.

For fix and flip investors, that usually means:

• Actual profit per flip compared with your original budget
• Average days held and what each extra month costs you
• Rehab budget vs. actual by category, so the next bid is tighter
• Return on cash invested across all your projects

What it costs

Monthly bookkeeping starts at $250 per month. Most of our clients pay around $500 per month, depending on how many accounts we reconcile and how many transactions you have. Book a quick call and we'll give you an exact quote.

Frequently asked questions

Do I need bookkeeping if I only do a few flips a year?

Yes. Even two or three flips a year involve dozens of rehab and holding costs, and keeping them on the right property is what makes your profit and your tax return accurate.

How do you handle hard-money loans?

We record the loan, points and fees, each draw, and the interest so your holding costs and payoff at closing are correct.

Will the speculative builder tax apply to my flip?

It depends on the city and how much work was done. We flag projects that may be affected and coordinate with your CPA or tax preparer.

Services for your business

We work with fix and flip investors across Arizona, including Gilbert, Mesa, Chandler, Queen Creek, Phoenix and Scottsdale. See all service areas.