Ep. 198 - 3 Key Numbers to Know Before You Offer
If you can’t run the numbers, you shouldn’t be flipping—that’s the reality of this business. In this episode, I break down the three key numbers every flipper needs to know: purchase price, renovation costs, and after-repair value. I’ll walk you through a five-minute formula that helps you quickly decide if a deal is worth your time or if you should move on. I also cover common mistakes, like underestimating reno costs and ignoring hidden expenses like permits, holding costs, and agent fees. Plus, I explain why the 70% rule isn’t always realistic and how to adjust your numbers to stay competitive without killing your profit. This episode is for you if you want to make faster, smarter flipping decisions. Want to get the tips that I use in my business everyday to fix and flip successfully? Get my guide Top 10 Tips to Profitable Flips and start your plan today.