This document serves as a comprehensive financial and operational dashboard for the Memphis Boardroom and the Memphis Fixer-Upper Program. It is designed to manage the entire lifecycle of a real estate renovation project—from initial acquisition and financing to construction management and final exit (sale or refinance). What This Document Does - Financial Performance Tracking: Centralizes all project costs, including purchase price, commissions, and loan fees. It provides a real-time comparison of "Projected" vs. "Real-Time" numbers for both Flip (Sale) and Refinancestrategies, allowing for clear profit and cash flow analysis. - Budget Management: Houses detailed line-item budgets for acquisitions and materials. It includes a Material List Budget that tracks specific components, quantities, and vendors (with hyperlinks) to ensure procurement stays on track. - Construction Oversight: The Construction Summary provides a high-level view of spending vs. budget across key categories like Paint, Drywall, and Electrical, helping to identify cost overruns immediately. - Operational Expense Tracking: Features dedicated Invoice and Receipt Trackers to log every penny spent. These trackers monitor payment status, vendor details, and QuickBooks integration to ensure accounting accuracy. - Loan & Financing Management: Maintains a detailed record of all financing, including primary loans at closing and any additional mortgages or principal payments made during the project. - Final Project Reconciliation: Summarizes the final "all-in" numbers to provide a clear picture of the project's success, including contingency calculations and total capital invested. In short, this is the central "source of truth" for a project, ensuring that every stakeholder has visibility into the budget, actual spend, and projected return on investment. https://docs.google.com/spreadsheets/d/1PKBqUq38dGazgVavyUtYiDP2-E7RWDdkSas1xeqVmbU/edit?usp=sharing

Hey guys, these are resources that are free for people that are interested in the Memphis Boardroom. We do have a paid mentorship membership. If you'd like more information about that, fill out the Google form. https://docs.google.com/forms/d/1scuOyEygxtcodh8NHXvhaqcEkwpwV8ZZaNoekUxkDek/edit

Welcome to the Memphis Boardroom 🔥 Gentlemen- You just stepped into the room. This is not another group chat or noisy Facebook page. The Memphis Boardroom is the private war room for serious men who own businesses, build real wealth, lead their families, and refuse to stay average. Here we sharpen each other. We share real wins, hard lessons, and tactical moves that actually move the needle in Memphis and beyond. Growth, accountability, and results. Why you're here: - To scale your business without sacrificing your family or your peace - To build a powerful flywheel: strong active income from your business + smart real estate strategies that protect and multiply your wealth - To learn how to win at real estate flipping, acquire cash-flowing properties, and use tax depreciation (and other advanced moves) to legally offset the income your business creates - To surround yourself with other young owners who are actually doing the work - To access structured education, resources, and live sessions built specifically for us First moves — Do these today: 1. Introduce yourself in the comments below. Use this quick template:Name & business (or what you're building)One big win or challenge you're facing right nowWhat you want to get out of the Boardroom this year (business scaling, real estate plays, tax strategies, etc.) 2. Complete the Welcome Module in the classroom (link pinned in the top of the courses section). It will give you the foundation and show you exactly how to get the most value here. 3. Post your first Weekly Win or Ask the Room in the main feed. The more you give, the more you get. This community only gets stronger when every man shows up and contributes. We rise together. If you're ready to do the real work — build the business, flip the deals, stack the assets, and keep more of what you earn — welcome home. Drop your introduction below. Let’s see who’s really in the room. — Michael Stansbury Founder, Memphis Boardroom