Formula For Flipping A Home

Dated: 02/29/2016

Views: 158

Rule of thumb on lower end flips:

What ever the home may be able to be sold for estimated selling Price: Never pay more than 1/3 of this price for the Home that way you can put in 1/3 for re-hab and have 1/3 for profit:

Example if home can be sold once done at 99K then purchase price is 33K then plan on Putting 33K into re-hab and 33k Profit:

Of course as always you Make Money when you buy the Property not when you sell it

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Wendie Neely

Wendie Neely is licensed in both Kentucky and Ohio. Her background includes several years as a Real Estate Appraiser placing her in a unique position to help Buyers and Sellers understand property val....

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