Fix and Flip Calculator

[Steven Garza]

Hello all, does anyone have a good accurate flip calculator they use in order to decide if the flips are good deals? Hitting the numbers you need in order to be profitable.

Thank You.

[Shawn Parsh]

Steven,

I agree with Bruce. I also figure my own numbers. If you are new to rehabs then getting written bids for everything you plan to hire out is a good idea. Once you do enough deals in a particular market you will likely be able to figure your costs pretty quickly. I can normally walk through a potential property and estimate the rehab cost within a few thousand. If you plan to sell after the rehab then getting an estimated after repair value from a qualified realtor would be wise. Ultimately you are responsible for your business so do your own research on everything and confirm what your being told.