Do you REALLY know your numbers on a flip?

Too many investors don't know their costs when going into a fix and flip. Get a more accurate profit prediction starting with your purchase price and adding:

-- Purchase costs, usually 4%

--Construction costs

--Financing costs, usually about 10%

-- Holding costs, including utility bills, which usually comes out to 2%

-- Selling costs such as realtor fees, about 7%

These numbers all added together and subtracted from your selling price is going to be your profit.