Flipping
Buying, fixing and selling, with every cost counted before the profit.
1 article
The 70% rule approved this flip. Three surprises cut its profit by 73%.
The 70% rule stops you overpaying, but the 30% it leaves isn’t profit. In this worked example, $42,276 of it goes to buying, holding, loan and selling costs, and three surprises cut the $40,224 profit to $10,759.