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Formula For Flipping A Home
Dated: February 29 2016
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
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....