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Real Estate Deal Analyzer Spreadsheet for Flipping Houses

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Streamed live on Oct 28, 2016

http://houseflippingsuccess.com/ Real estate deal analyzer will help you get the best return on investment with your house flips. This valuable house flipping worksheet is the perfect deal analyzer for your real estate business.

House Flipping – Tips for Beginners
The start is always the difficult part. This is true when it comes to house flipping business. As a new flipper, you will find the process new to you. It can be intimidating at first but as you go along, you will be able to master the ins and outs of the business. Below are the house flipping tips for beginners.

Know the market value of the house after the fixed up
It is important to know the selling price beforehand so that you can assure that you will be able make profit right after doing the flip. You need to come up with the exact house value or at least close to the estimated cost. Misjudging how much you can sell the house might cost you a lot of money. When estimating the selling price of the house after the rehab, you need to factor in all the variables that determine how much the cost of the house.

Know the cost of fixing up or rehabbing the property
As a house flipper, you should not underestimate the cost of fixing a house. The amount of money you spend for rehabbing the property depends on its condition. Will the house need cosmetic upgrade? Does the house need in-depth structural repair? Cosmetic upgrade will not cost you a lot of money. Sadly, in-depth structural repair does. As a beginner, you need to find a property that does not cost too much to rehab. If you spend so much on the rehabbing process, you will surely have a hard time finding a buyer that can afford the market value of the house. You also need to keep in mind that when the house is sitting in the market for too long, it will cost you even more. Hence, you have to start with simple house flipping project and work your way to the top.

Low ball offers are okay
As a newbie in the house flipping project and real estate business in general, you sometimes feel intimidated, especially when it comes to dealing with sellers, agents, and even buyers. You have to avoid this kind of mentality. Always keep in mind that you are in the business to make money. Having a good working relationship with others are okay but you shouldn’t let yourself be intimidated by others. Low ball offers are okay, especially for new investors like you. As you make more money and familiarize the business even more, you can gradually increase the offer.


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