Buying And Flipping Homes »

($300,000 x 0.70) - $50,000 = 3. Key Phases of a Flip

Always include a 15-20% "contingency fund" for hidden issues like mold, structural damage, or outdated wiring found behind walls. buying and flipping homes

Finding "distressed" properties—houses that are physically run-down, in foreclosure, or owned by sellers needing a quick exit. ($300,000 x 0

Doing work yourself saves money, but professional finishes sell houses. Poor DIY work can actually decrease a home’s value. Doing work yourself saves money, but professional finishes

You can fix a house, but you can’t fix a neighborhood. Always buy the worst house on a good block, rather than the best house on a bad block. 5. Financial Considerations

Most flippers use "Hard Money" loans. These are short-term, high-interest loans based on the property's value rather than the borrower's credit score.

The goal of a flip is to minimize the "holding time." The longer you own the property, the more your profits are eaten away by taxes, insurance, utilities, and interest payments (often called ). 2. The Golden Rule: The 70% Formula