Week 1 of my 3000sf House flip w/ Numbers Breakdown

     Here's week one of my 3000SF house flip as we get started even though we're inside a pandemic.  I'm going to walk you through the entire house so you can see what a $40,000 renovation looks like, how we estimate the repairs and how we determine our offer. $40k is not a lot of money for a renovation by the way. This house was actually in great condition compared to the other houses we've done in the past.

     This house will need new windows, new central heating and air(HVAC), kitchen, 3 bathrooms, a deck, paint and some minor exterior repair. I want you to be fully informed of the costs and how our equations change as the house prices get higher and how different your offer can be if you use private money vs hard money. You CAN'T use the same MAO= ARV(.7) - Repairs.... on higher priced houses and we'll break that down for you as well to show you WHY.