You’ve already heard me say it once. However, I’m going to say it again because I had this edict drilled into my head over and over when I first starting investing in real estate.
YOU MAKE YOUR MONEY WHEN YOU BUY, NOT WHEN YOU SELL.
What does this mean? It means getting a great price on a fix-and-flip property will practically guarantee you make money on the sale. Or at least you won’t lose money.
Analyzing a deal is part art, part science.
The Art of Analyzing a Deal
A quick thought on the art of analyzing a deal before I get into the science: You must think like a retail buyer when estimating the ARV (after-repair value) of ...