$24k Saved by Not Buying a BAD HOUSE FLIP DEAL

10:09
Here's a quick case study on how Upright Tools (formerly FlipperForce) and our house flipping calculator tool can save you thousands of dollars by preventing your from buying bad deals.

Video Transcript

Here's a quick case study on how Upright Tools (formerly FlipperForce) and our house flipping calculator tool can save you thousands of dollars by preventing your from buying bad deals.

I saw a user ask a question on the BiggerPocket's Rehabbing and House Flipping forum about a potential deal that he thought he could purchase for $260k, put $30k in renovations into the property and then resell the property for $330k and make a $30k profit.

He said he only had assumed additional costs of $10k-ish for closing costs, points, interest, etc).

I chimed-in and said that I was concerned that his ‘additional costs’ in his analysis seemed extremely low and that there was actually only about $6k in profit in the deal.

I ran this potential flip opportunity through our Flip Analyzer tool real quick to show you how our Flip Analyzer can keep you from buying bad deals and hopefully save you thousands of dollars and months of your time flipping a a house that is actually a flop.

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