Flipping properties can be a great way to make cash but if you analyze the deal wrong. You could wind up broke instead! In this video, Flip Property Brandon Turner from BiggerPockets.com shares his exact method for doing the math on a fix and flip property. This video includes two parts:
1.) How to use “comps” (comparable sales) to estimate the After Repair Value (ARV)
2.) How to analyze the deal to decide how much you should pay for the property
This part of the video uses the BiggerPockets House Flipping Calculator to determine the ideal purchase price to make this flip a home run!
For more on house flipping, rental properties, and more – visit https://www.biggerpockets.com
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