

Flipping Real Estate: Calculating
If you been in the real estate investing business, or more specifically been flipping real estate, for more than a few days, you've inevitably gotten an email that reads something like this: "Investor's Dream. This property will go QUICK. Property Address: 1234 Main Street
Asking Price: $100,000 (Add or subtract zeros!)
After Repair Value: $150,000
Repairs: $15,000
Profit: $35,000
Details: Needs paint, carpet, tile, new kitchen, update bathroom, some roof damage.
Tenant


Flipping houses is harder than it looks
You come home from a long day at work and while channel surfing, you come across a show in which guys are buying run-down houses, fixing them up and reselling them for huge profits before the first mortgage payment is due. Wow. What's more, they claim they make as much money on this one house as you have in the last year. They don't look or sound any smarter than you are and they're raking in the cash. You start crunching numbers and before you know it, you're thinking about