How to Analyze Potential House Flipping Deals
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https://www.etsy.com/listing/93636131...
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This House Flipping Calculator helps you determine how much you should pay for a house so you can successfully sell it for a profit. The basic strategy for flipping a house is to buy a distressed property at a price that’s low enough to be able to fix it up and still make a profit when you sell. So, if a house is worth $100,000 in top condition and needs $30,000 of improvement work, you better be buying it for less than $70,000 if you want a profit. Hence, getting a good deal on the front end is crucial and is what makes flipping a property possible.
This calculator works by taking the value of the property in peak condition (after remodel value) and subtracting all expenses to determine how much you should pay for the property to be profitable when you are ready to sell. It sounds simplistic, but there are quite a few variables that need to be accounted for to accurately estimate the optimum purchase price. This is where the House Flipping Calculator really helps you because you can quickly analyze different deals and run different scenarios to make sure you don’t overpay for a house and kill your profit.
Also included with this purchase is an ebook I wrote called “The Beginners Guide to House Flipping.” It’s a 39 page pdf document that discusses the process of flipping a house more detail.