Whichever makes more sense for you depends on your budget, target areas, ROI goal, etc.

It also takes some risk into account because it predicts you make more on the higher-value properties, where price swings and rehab budgets can be greater.We also use the rule-of-thumb formula above, for our evaluations, and it works.

Get rid of debt, build a budget, and save.

They should be able to help with "cover numbers" for budgeting purposes based on typical products used or ask them if they work with other investors - learn what the market is doing.

Get rid of debt, build a budget, and save.

The original plan was to be 100% commission, based on metrics like net profit after the flip is sold, size ($) of the remodel, finishing on-time and under-budget, etc.Meeting our average profit per flip and doing 24 / year, our PM has the potential to make around $72,000 / year.

Important to manage contractor timeline and budget Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I don't know I got the idea of househack after I force myself to visit all parts of city (within my budget) and try to visit 3-5 open house in a day.

If your flip runs over budget or you can't sell, you may find yourself in a pickle that is very expensive to escape.

budget 25k target rehab 6 weeks.