The basic math for a fix/flip property is this – IF the cost of acquisition + the cost of repairs + holding costs is LESS than the selling price THEN you made money. IF those costs are GREATER than the selling price, THEN you have lost money.
The spreadsheet I have created is a planning tool to factor in as many variables as possible when assessing a project. It may not be possible to eliminate all unexpected costs, but an accurate ARV (after repair value) and an accurate rehab budget will increase your chances for success.
Schedule a no-obligation phone call and find out how I can leverage technology to help you accomplish your real estate goals faster.