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Updated about 9 years ago, 11/04/2015
Fix & Flip
I would like to know what is the correct formula to be used when investing in fix & flip properties.
I have read and seen the following and have gotten a little bit confused as to the proper formula I should be using when investing in fix & flip properties.
1. ARV x .70 - repair= Buy Price
2. MPP= Sales Price - Fixed Costs - Profit - Rehab Costs
3. Profit= Sales Price - Purchase Price - Fixed Costs - Rehab Costs
Thanks, Doug