Coach Dave goes on-site of a team member’s flip in Scottsdale, Arizona. If you’re looking to flip houses this is a great example of something to aspire to.
Do you have multiple exit strategies in play when you purchase a property to rehab? In this video one of our team members shows a property he rehabbed for a $50,000 net profit. He explains why he chose not to sell it and how a non-traditional exit strategy was more lucrative.
I’m upset that I missed out on this one.
I wanted to send a colleague out to this
property to make an offer, but someone
already beat me to it:
This house needs a lot of work, but the
asking price is just $6,250.
Let’s take a look at the numbers:
Purchase price: $6,250
Rehab costs: $35,000
Quick sale price: $99,000
Total profit: $57,750
That is an incredible amount of profit for
such a small flip!
Are you finding deals near you? Are
you tired of seeing other people grabbing
the deals and cranking out big profits?
It is your turn now. And we will show you
exactly how to do it right.
The Capital Rehab Group Pro House Flipping
Guide is a video series that
shows you exactly how we flip houses from
start to finish, including:
-How to find the best deals on bank-owned
-How to save money on the rehab while still
getting top profits on the flip
-How to sell the house fast, collect your profit,
and quickly move onto the next one
Grab yours while they are still available. Click
the link below:
Or call: 1-844-240-2399
Do you have a costing model for rehabs?
I’m learning a lot from your emails…much
more than the seminars I attended.
Great question Edwin, and thanks for the
I get this one a lot, and it annoys me that
so many of the so-called “gurus” never
answer it directly.
Instead they give the “well it depends”
answer, which doesn’t help anyone.
At Capital Rehab Group, we use a very
simple formula for calculating the cost
of a rehab:
Sq Ft of House x $25 = Cost of Rehab
For example, if you are going to rehab
a 1200 sq ft house, your estimated rehab
costs would be:
1200 sq ft x $25 = $30,000
As another example, if you are rehabbing
a 2200 sq ft house, you can estimate
the cost to be:
2200 sq ft x $25 = $55,000
This is a very simple formula, and it is
excellent for quickly estimating rehab
costs when looking at properties.
Let’s be honest: when you are looking
for a house to flip, it is impractical to send
a contractor out to every single property
you look at to give you an estimate.
This formula allows you to quickly get
a rough estimate of your rehab costs
in MOST markets.
Now keep in mind, before you actually
buy a property, get an accurate estimate
from a contractor, and have a home
inspector look at the house as well.
That said, it is really amazing how
accurate this simple formula is on
If you want more tips and formulas like
this one, grab our Capital Rehab Group
Pro House Flipping Guide.
It is a series of videos that shows you
every trick, secret, and formula that
we have used again and again to
successfully flip houses.
Grab yours now: