Flipping a house can be an awesome way to generate cash flow, and, ultimately, build long-term wealth – if you do it right. Flipping appeals to every type of real estate investor from those just getting started to old pros. It’s a great way to make excellent money on an occasional basis, or, if you find you’re suited to it, a very profitable full time business. Just make sure you’re ready for whatever your rehab project throws at you, and you’ll increase the odds that you’ll come out with a profit.
Watch this video to learn the basics of using the Fix-N-Flip Rehab Analyzer for Excel to analyze deals and determine the maximum purchase price you should offer for a property:
The Fix-N-Flip Rehab Analyzer for Excel is available for purchase from the Research Offers page or via this button:
(PayPal is the payment processor, but it is not necessary to have a PayPal account; PayPal accepts major credit cards. The spreadsheet will be available for immediate download to your computer upon payment.)
Buying properties to rehab and sell was a no-brainer in the gung-ho real estate market in some areas of the country in the past decade. In those days, it almost didn’t matter what you bought or how you fixed it up – market appreciation would always save you. And if you made really good decisions, you could hit the bonanza. Even when you made bad decisions, it was hard to lose money.
As we all know, those days are gone. Now you have to be very careful when choosing a house to fix and flip. You have to make sure you buy at the right price. In fact, that is the most important part of the whole process. As the saying goes – you make your profit when buying, not when selling.
You have to set a realistic budget, and stick to it. You need to know you’re fixed costs of the property, and have a good, conservative estimate of repair costs. Being realistic with your ‘After Repair Value’ is also critical to your success. You also need to stick to your timeline for completion. Lots of things can happen and have a domino effect, postponing other work, until one day you realize your eight week flip has somehow become a six month project. This means your Holding Costs go up – you’ll now have to deal with four extra mortgage payments, and that’s if the house sells the day you list it. So being on top of the schedule and making sure everything gets completed in a timely manner ranks right up there at the top of the list when it comes to making sure there’s a profit at the end of the flip.
So while the easy money days are gone, you can still fix and flip real estate for a profit if you enjoy doing the research to analyze good flipping candidates. My Fix-N-Flip Rehab Analyzer for Excel will help assure you make a profit on your fix and flip rehab properties.
Here’s a few screenshots of the program:
Basic property information and financing variables are entered first:
The main part of the Excel program analyzes all the cost inputs to a rehab property and calculates the maximum purchase price you should offer:
The program evaluates Fixed Costs such as Buying, Holding and Selling expenses. Then develop your estimated Repair costs. You can then enter your desired profit margin to calculate the maximum purchase price. The Program will calculate your Profit per Month, Cash Return on Investment (ROI) and Annual ROI along with the Maximum Purchase Price. The Program also compares the calculated offer price to the well-known “70% Rule” for house flipping. The 70% Rule has been called the most important formula to follow when flipping houses. It helps to insure against taking unnecessary risks and keeps your house flip buying disciplined.
Flipping provides the cash flow you’ll need to explore other types of real estate investing. If you’re ultimate goal is to buy and hold rental property, let flipping build your bank account.
Flipping makes use of the simplest economic principle ever created – buy low and sell high. Buying low and selling high works in every market –whether the stock market or real estate market. With the Fix-N-Flip Rehab Analyzer for Excel you’ll know you’re buying at the right price.
2 Questions to ask Yourself Before You Buy:
- Is this product better than what you are currently using to analyze your profits from Rehab property?
- If you purchase this spreadsheet, will you use it soon?
If the answer is YES to these questions, then I promise you will be satisfied with your spreadsheet purchase.
The Fix-N-Flip Rehab Analyzer for Excel is available for purchase from the Research Offers page or via this button:
(PayPal is the payment processor, but it is not necessary to have a PayPal account; PayPal accepts major credit cards. The spreadsheet will be available for immediate download to your computer upon payment.)
Note: The Fix-N-Flip Rehab Analyzer operates in current versions of Microsoft Excel. Some cells within the program are locked to prevent tampering.
