The 20/20 Rule for Fix N Flippers
Ever wonder if it makes sense to purchase a property to fix and flip? Here is a simple guideline to help determine if it makes sense and if there is enough profit in it to make it worth while. Just take the acquisition costs plus the estimated renovation cost and subtract that from the anticipated fair market value of the renovated property. Twenty percent or $20,000 dollars (whichever is higher) is the target, thus the “20/20” Rule.
Estimated Fair Market Value After Renovations
Total Acquisition Cost
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Please: If you’re a cash buyer and are looking to pick up rental or rehab properties in Southeastern Pennsylvania, we’d like to work with you.
Please ENTER YOUR INFO in the form to the right and we’ll send you the handyman and discount properties we currently have available.
(Our list is updated 2-3 times a week, as we secure new properties and as we sell ones already on the list).
Over the years we’ve refined our processes, marketing, and relationships that let us find the best real estate deals before they ever hit the MLS market. Our business is strictly wholesaling those properties to investors who want to keep them for rentals or who want to fix and flip them.
If you are…
- An investor looking to add cash flowing properties to your rental portfolio
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- … or just someone looking for great deals on local real estate
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