Flipping Homes | Buying And

($300,000 x 0.70) - $50,000 = 3. Key Phases of a Flip

The goal of a flip is to minimize the "holding time." The longer you own the property, the more your profits are eaten away by taxes, insurance, utilities, and interest payments (often called ). 2. The Golden Rule: The 70% Formula buying and flipping homes

Remember that "profit" isn't just the difference between the buy and sell price. You must account for: (both when buying and selling). ($300,000 x 0