My previous post talked about the real estate formula for buying properties.
It is a widely used formula that takes into consideration all of the work and processes and costs that go into flipping a house.
The formula really can be used anywhere in the country.
It may need to be changed sometimes. It may need to be changed if you live in a very slow / cold market where selling flipped real estate isn’t that easy and it will take a while.
When you evaluate your market and the holding time for selling a property you may need to buy at a bigger discount. Instead of buying .70 cents on the dollar you may need to buy .55 - .65 cents on the dollar. This will allow you to price the home lower on the market so that it can be sold while not losing any money.
Popularity: 73% [?]
33 queries. 0.348 seconds
November 19th, 2007 at 6:51 pm
[…] My previous post talked about the real estate formula for buying properties. It is a widely used formula that takes into consideration all of the work and processes and costs that go into flipping a house. It may need to be changed if you live in a very slow / cold market where selling flipped real estate isn’t that easy and it will take a while. When you evaluate your market and the holding time for selling a property you may need to buy at a bigger discount. Read more […]
December 13th, 2007 at 10:56 pm
[…] post by Brandon Iser Share and Enjoy: These icons link to social bookmarking sites where readers can share and […]