Let's go over the numbers on our new house flip

     Real estate is still moving forward and I don't want you to think the entire market is crashing. So we bought a house today, & I'd like to share with you my process and formula for how we did it. Let me preface this by saying it's easy buying houses when you don't have to deal with the greedy BANKS! Before you buy any house, you MUST know what you're going to sell it for. This house is a short sale, that means the mortgage company has agreed to take less than what the home owner owes. We'll go over that as well because it's a complicated process. We'll break down the numbers, what my estimated profit will be, how much the repairs are going to cost, and the transaction or costs to sell, you must include that because it can wipe out a lot of your profit. I'll also do a comparison between using hard money vs private money.

     Please don't use the numbers from these fake HGTV house flipping shows to run your business. They're all false and it'll get you in some serious trouble! Let's go over the numbers together to see how much money a real house flip makes.