The Flip Formula- PA Deals LLC

334 views

Published on

Visit http://createwealthin2011.com
Or call us today at 717-901-7763

Published in: Real Estate
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
334
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

The Flip Formula- PA Deals LLC

  1. 1. The Flip FormulaAre you interested in buying houseswith the intentions of flipping them toowner occupants? If so, here is theexact formula you should use whenevaluating a deal for this purpose.This formula will show you what your pretax net profit should or could be. -After Repair Value minus -Purchase Price [this is what you are paying for the property] -Closing Costs [ this will vary but should be between 2 - 10% of the after repair value] -Insurance Costs [about $500 for 6 months on most homes] -Rehab Costs [figure in a contingency as well] -Mortgage Payments [figure at least 6 months worth of payments] -Utility Costs [figure at least 6 months of costs] -Property Taxes [figure 6 months at least] -Real Estate Agent Commission [varies but will be between 4 - 6% of sale price] -Sales Costs [transfer tax etc, figure 1.5% of sale price] =Your Potential Pre Tax ProfitGood luck. This is an awesome strategy to generate quick cash profits.Log onto PaDeals.com right now to be part of the most exciting real estateopportunity found anywhere.Zack WiestPaDEals.com717-901-7763 Ext. 300

×