If you abolish property tax's, the day after sales tax goes up something like 75%, state income tax's go up multipliers, all local government city, county and state will shot through the roof.

When you are first starting out, you should probably buffer an extra 20% on top of your renovation budget to cover incidentals while you are learning the true cost of flipping.When you do all these things (conservative estimate of ARV, additional 20% estimate on construction costs, using a conservative 0.7 multiplier in your estimate), you are unlikely to lose on your first flip (but it will be harder to find your first flip).  

@Olivia G Gonzalez the math is all adding, subtracting, multiplying & dividing - no algebra or calculus!

I'd sell it and 1031 into new builds or land and multiply my money in a real way and get more active in my investment.

We typically value properties based on rent multipliers, in Avondale 11 is a good rent multipliers.

OR is it this number multiplied by a percentage?

I’ll take the median area income and multiply it by .3.  

What kind of multiplier are you going to pay for this business?

Every change in operating income is multiplied by the earnings multiplier for that asset class. 

You can either sit back and let this opportunity pass you by—or you can get in the game right now.If you’re serious about raising capital, investing in real estate, and multiplying more of your money in 2025, let’s talk.