FLIPPER FORCE HOW TO ANALYZE A HOUSE FLIP
In this case study I’m going to run through a quick analysis using our Flip Analyzer tool and I’m just going to walk you through the basics of analyzing a deal and how you can calculate the maximum purchase price you should offer for a property.
This property was a property I found on the MLS back in 2011, back then there was still a lot of foreclosure inventory, so you could still find some really good deals on the MLS.
This property was listed for $54,900 and rehabbed properties in the area were selling for around $125,000, so I thought if I could buy the property for around $50k, I could probably net around $20k in profit in the deal.
The property had no major structural issues or anything like that, but it did need a new roof, new windows & doors, & exterior painting and some new landscaping.
In the interior, the property was pretty dirty and there were some holes in the walls, but for the most part the property was just needing a cosmetic rehab, so new bathrooms, painting the interiors, installing new hardwood flooring in the kitchen, installing new carpet in the bedrooms and installing new light fixtures throughout.
Learn more about our web-based house flipping software at FLIPPER FORCE
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