A lot of flippers run their numbers, feel good about the deal, and buy the house. Then it takes longer to sell and costs more than they expected, and by the time it closes, the PROFIT they were counting on is mostly gone. Most of them can't even tell you where it went.
It usually went to costs they never put in their deal analysis. Some are costs every flipper knows about but guesses too low on. Others are small enough that people skip them, until they add up over a few months of holding the house. And there's one cost most investors don't plan for at all, even though buyers are asking for it more and more in this market.
In this episode, I break down every cost that hits a flip from the day you buy to the day you sell, and how the pros are building them into their offer up front. Everybody says you win when you buy. I'll show you what that actually means.
Including:
- The cost you pay twice on every flip, and the easy move that makes the second one cheaper
- What list-to-sell ratios between 94% and 97% are telling you about your sale price
- The slow months to watch for in your market, and why buying in September can stretch your hold time
- The simple insurance rule of thumb for flips
- Monthly costs most forget about until month six
Knowing these costs only helps if you actually put them into every offer you make. That's what we cover in our free deal analysis workshop, so you know what you're going to make on a deal before you buy it.
Register for our FREE Deal Analysis Workshop:
https://offers.7figureflipping.com/registration-e
LINKS & RESOURCES
7 Figure Flipping Underground
If you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS.
CLICK HERE: https://hubs.ly/Q01ggDSh0
7 Figure Runway
Follow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more.
CLICK HERE: https://www.7figureflipping.com/runway
Connect with us on Facebook and Instagram: @7figureflipping
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