What to look for???

Rehabbing, Fix and Flip, Rental Properties
1

I am a first time flipper and I am looking to rehab a home and I need to know if there are any rules or calculations that I could do to make my home selection more efficient. Also I’ve looked into purchase rehab loans, and hard money loans and I was wondering if these are the best methods of raising capital or if I should be looking at other method means.

Thank You

2

As far as finding a property goes, most use 1 of 2 formulas. You can:

Figure out the After Repaired Value and multiply by .7 and then subtract the repairs to equal a good offer price.

Or

You can figure out what your minimum expected profit is and then back out repair costs, etc to get your purchase price.

Both work well depending on your goals.

3

Thanks Steve-O