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Updated about 5 years ago on . Most recent reply

Marco Morkous's profile image
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Marco Morkous
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Marco Morkous
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  • from Nashville, TN
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Marco Morkous
  • Realtor
  • Nashville, TN
22
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Rehabbing & House Flipping

Fix and flip numbers?

Marco Morkous
  • Realtor
  • Nashville, TN
Posted

Just as rentals have the 1 or 2% rule, are there percentage rules or laws that you would follow while doing flips?

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J Scott
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  • Sarasota, FL
ModeratorReplied

Max Purchase Price = ARV - Rehab - Fixed Costs - Desired Profit

ARV is the estimated resale value.

Rehab is the estimated rehab costs.

Fixes costs are:  https://www.biggerpockets.com/...

Desired Profit is how much you want to make on the deal.

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