Backflip Blueprint
Understanding the finances of a fix and flip is the difference between a home run and a burn. So how cool would it be to adjust any cost variable and see the direct impact? Now you can! Dive in to explore your ROI on a hard money loan:
1. For Precision and Clarity: Flipping houses is a high-stakes game, and miscalculating your expenses can quickly eat into your profits. A calculator can break down all costs, ensuring that nothing is overlooked. That’s risk management.
2. To Explore the Variables: Let’s say you have a fixed number for something, such as your upfront liquidity. With this tool you can play around with other variables to see what give and take exists in other parts of the equation. Nice!
With a transparent cost breakdown, you can confidently move forward as a real estate investor, knowing how the pros do the math when evaluating an opportunity with a hard money loan. In a future post, we will go into what each line item on this calculator means, why it’s there, and some standard numbers.
Once you’ve tried this profit calculator, take the next step and download the Backflip app. The free app combines market comps for any address, with an ARV calculator, and calculates the profits on a subject property.