Bookkeeping for House Flippers in Denver

Maximize Your ROI on Every Flip. We Track the Numbers So You Can Focus on the Deal.

In the fast-paced Denver real estate market, success in house flipping is measured in weeks, not years. Every dollar and every day counts. Generic bookkeeping can’t keep up with the unique demands of a flip—from tracking renovation budgets to managing holding costs and reconciling complex closing statements.

At Kellcat Bookkeeping, we provide a specialized bookkeeping service designed exclusively for real estate investors and house flippers in Denver and Littleton. We understand that your real estate business isn't about long-term tenants; it's about efficient capital deployment and a profitable property sale. Our expert REI bookkeeping gives you the financial clarity needed to make smarter decisions, control your costs, and confidently grow your portfolio.

Bookkeeping Tailored for House Flippers

Your real estate investment strategy requires a financial partner who understands the lifecycle of a flip. We go beyond basic data entry to provide a clear financial picture of each individual project.

Project-Level Profitability Reporting: We track the financial performance of each property individually. You’ll get detailed profit and loss statements for every flip, showing a clear breakdown of acquisition costs, renovation expenses, holding costs, and sales proceeds. This is the cornerstone of understanding your true ROI.
Renovation & Repair Expense Tracking: Stop letting receipts get lost in your truck. We meticulously track and categorize all your renovation costs—from materials and permits to subcontractor payments. We ensure your financial records are flawless, giving you a real-time view of your budget vs. actual spending.
Holding Cost Management: Every day you own a property costs you money. We track these crucial holding costs—including loan interest, property taxes, insurance, and utilities—so you have a precise understanding of how time impacts your bottom line, helping you prioritize a timely sale.
Settlement Statement (HUD-1) Reconciliation: The closing statement is one of the most complex documents in real estate. We expertly reconcile this statement after a sale, accurately allocating every line item to the property's cost basis, sales expenses, and final profit.
Lender-Ready Financials: Growing your real estate business requires capital. We maintain clean books and produce professional financial statements that build credibility with hard money lenders, private investors, and banks, making it easier for you to secure funding for your next deal.

Beyond Basic Bookkeeping: The REI Specialist Advantage

A general bookkeeper sees income and expenses. A specialist in the real estate industry understands the entire flipping process.

When you are hiring a bookkeeper, choosing an expert means you get a partner who knows the difference between a capital improvement and a repair for tax purposes, how to properly account for loan points, and how to dissect a settlement statement.

This specialized bookkeeping knowledge ensures your financials are not only accurate but also strategically managed to maximize profit and ensure tax compliance. It’s the difference between simply recording history and gaining valuable insights to build a more profitable future.

Financial Roadblocks in House Flipping:

Our Proven Solutions

"I'm not sure what my actual profit was on that last flip."

The deal is done and the money is in the bank, but you have a nagging feeling that your actual profit was less than you hoped. Untracked expenses and forgotten costs make it impossible to know your true numbers.

Our Solution: Our detailed project reports provide undeniable clarity on your exact net profit. This empowers you to make informed investment decisions, analyze past deals, and structure future ones for higher returns.

"My renovation budget is out of control."

You started with a solid budget, but small overages and un-tracked expenses have snowballed, eating directly into your margin. You lack a clear, up-to-the-minute view of where the money is going.

Our Solution: We provide real-time budget vs. actual reporting. This proactive expense tracking gives you the visibility to control spending, adjust your strategy, and protect your profit.

"My messy books are holding me back from the next deal."

You’ve found a great new property, but you can’t secure funding because your financials are disorganized. Lenders and potential partners need to see a clear history of profitable projects.

Our Solution: We deliver professional, accurate financial packages that showcase your track record. Clean books demonstrate that you know your business and are a reliable investment, helping you secure the capital you need to grow.

Bookkeeping with Local Knowledge

As a Colorado-based firm, we bring a powerful local perspective to your real estate investing. We understand the nuances of the Denver and Littleton real estate market, from property values in Wash Park vs. Downtown Littleton, to local contractor costs and property tax rates.

This local context turns your financial data into actionable intelligence. When you work with us, you’re not just hiring a bookkeeper; you’re partnering with a local financial professional who is invested in your success right here in our community.

Ready for Financial Clarity on Every Project?

Stop letting disorganized financials erode your returns. Let us handle the detailed financial tracking so you can focus on finding and executing profitable deals.

Want a free audit?

Yes please!

Monthly Bookkeeping Packages

*These pricing details are general guidelines. All packages are customized to meet our clients' needs.

Therefore, prices will vary.

Silver

$250 - $400/month

Get Started With a Free Audit

All the basics:

Simple property transactions
Cash basis reporting
Small portfolios
Monthly Financial Reports

Gold

$400 - $750/month

Get Started With a Free Audit

Everything in Silver, plus:

Moderate transactions
Expedited delivery of financials
Third Party App Connections
A/R and A/P Management

Platinum

$750 - $1,500/month

Get Started With a Free Audit

Everything in Gold, plus:

Complex portfolios and many transactions
Accrual Basis Reporting
Foreign Transactions
1099 Reporting

FAQs

How do you track all the different expenses for a single flip?

We use professional accounting software configured for project-based accounting. This means every single transaction—from a purchase at a big-box store to a payment to a subcontractor—is assigned directly to a specific property address. This allows us to generate a precise Profit & Loss report for each flip, giving you unparalleled insight into your financial performance.

I often use hard money or private loans. Can you help track these?

Absolutely. We have extensive experience tracking non-traditional funding sources. We properly record loan proceeds, track interest payments as holding costs, and reconcile balloon payments and fees upon the property sale. We ensure your liabilities are always accurately reflected in your financials.

How does your bookkeeping service help me during tax season?

Our service makes tax season incredibly smooth. Throughout the year, we maintain meticulous financial records that are organized and audit-proof. We work directly with your tax professional or CPA firm, providing them with clean books and detailed reports that correctly classify costs. This ensures you can take full advantage of all relevant deductions and that your capital gains are calculated accurately, saving you time and money.

What does the onboarding process look like if I decide to work with you?

Yes. While this page focuses on flipping, we are experts in all aspects of real estate bookkeeping. We can manage the books for your entire portfolio, whether you're a landlord with a few rental properties or a full-time flipper. We’ll create a clear financial separation between your different investment strategies.