Flipping Real Estate: Calculating Costs
By: Heather Seitz
If you’ve been in the real estate investing business, or more specifically been flipping real estate, for more than a few days, you’ve inevitably gotten an email that reads something like this:
,Investor’s Dream. This property will go QUICK.
- Property Address: 1234 Main Street
- Asking Price: $100,000 (Add or subtract zeros!)
- After Repair Value: $150,000
- Repairs: $15,000
- Profit: $35,000
- Details: Needs paint, carpet, tile, new kitchen, update bathroom, some roof damage.
- Tenant occupied. Need to evict!,
STOP! Before you read on… Take a guess at what you think the ,real, profit’s going to be on this real estate investment…
If you haven’t ever gotten an email or...
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