Just because a property is a good buy doesn’t mean it stacks up for a flip 🙃
You could buy a property $50k below 👇 market value & it still might not work as a flip.
You need to run a feaso, you need to take into account the following:
Purchase costs
Renovation costs
Holding costs
Sale costs
& of course the profit you’re willing to make.
Your feasibility will enable you to accurately know what profit you will make from the deal.
Your feasibility will allow you to draw a line in the sand… your walk away price.
Don’t gamble, instead crunch the numbers 🔢
You should know your minimum profit before you enter the deal 🤝
