Updated about 9 years ago on . Most recent reply
FLIP CALCULATOR QUESTION
We are brand new and are in the process of putting an offer in on a property we plan to flip. Before we present our plan and the all the numbers to our "coach", I want to be sure I understand one thing. The flip calculator allows me to arrive at my "maximum allowable offer ". Let's say my max offer is $85,000. So, then how much should my total finance amount me?? Here's the calculation I used: AVR minus 20% for profit margin, minus 10% misc costs, minus cost of repairs= max allowable offer. Help!
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@Jenna Gainey If you have a "coach", shouldn't they be "coaching" you through this?