how to flip a house: I Can Show You How To Flip A House [806-290-1920]
- 04/25/16 06:57 AM
Pamela MadoreKeller Williams My credentials? I have done both . There is a wide range of money you can make. Just like any other goals in your life, set a goal. Let's first describe what "flipping" a house is. There is really one word (flipping) that is used interchangeably for two kinds of flipping. Flipping #1 This can also be called "selling a contract". Here it is how it is done. You find a house. There are many, many ways to find houses. FSBO houses, ask people, knock on doors, find old empty houses and a myriad of other ways. These will generally be (0 comments)
After Repair Value (ARV). You will need a Realtor for this unless you have a real sharp handle on the market. Net profit--this is the number that you want to take home Carrying costs--every day you own the house it costs you money--mortgage payments, taxes, insurance, utilities Cost to repair--this can be really hard to figure out. Do an item by item number.Don't forget permits and city inspections. I always add in an "oops" category for things I missed or forgot about (4 comments)