Answers to Today's Real Estate: How to know how much money you need for a fix and flip.

Wednesday, July 7, 2021

How to know how much money you need for a fix and flip.

I use a GAP Worksheet. Understand when you are doing a fix and flip, the hard money lender will not give you 100% of the money you will need. So how much money do you need to make up the difference and why would you want to know that amount? Think of it this way: would you feel more comfortable if you knew that you had 100% of the money needed to pay every single vendor? Of course, you would. That’s what the GAP Worksheet is for.

We take all the figures from the MAO Worksheet and transfer those figures to the GAP Worksheet. See the video for details. If you need to fix and flip a house and you need to learn how to do so, you are in the right place. I teach it all over the Country. I have taught it in Australia, Canada and Mexico. I can help you too. If you are not sure, reach out to me and I will send you a detailed proposal. Its time you went professional!

If you need to buy or sell a home, see us at www.5kflatfeelisting.com. We look forward to hearing from you.

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Best,

Geoff Nowlin, Phoenix Realto Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com