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Updated over 8 years ago on . Most recent reply

Jenna Gainey's profile image
Jenna Gainey's profile image
Jenna Gainey
  • from Martinsburg, West Virginia
  • Member since Aug 11, 2016
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Jenna Gainey's profile image
Jenna Gainey's profile image
Jenna Gainey
  • from Martinsburg, West Virginia
  • Member since Aug 11, 2016
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Jenna Gainey
  • Martinsburg, WV
1
Votes |
20
Posts
Rehabbing & House Flipping

FLIP CALCULATOR QUESTION

Jenna Gainey
  • Martinsburg, WV
Posted
We are brand new and are in the process of putting an offer in on a property we plan to flip. Before we present our plan and the all the numbers to our "coach", I want to be sure I understand one thing. The flip calculator allows me to arrive at my "maximum allowable offer ". Let's say my max offer is $85,000. So, then how much should my total finance amount me?? Here's the calculation I used: AVR minus 20% for profit margin, minus 10% misc costs, minus cost of repairs= max allowable offer. Help!
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Aaron R.'s profile image
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Aaron R.
  • Investor
  • from Phoenix, Arizona
  • Member since Mar 20, 2012
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Aaron R.'s profile image
Aaron R.'s profile image
Aaron R.
  • Investor
  • from Phoenix, Arizona
  • Member since Mar 20, 2012
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Aaron R.
  • Investor
  • Phoenix, AZ
49
Votes |
108
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Aaron R.
  • Investor
  • Phoenix, AZ
Replied

@Jenna Gainey If you have a "coach", shouldn't they be "coaching" you through this?

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