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Podcast: My Flipping Life
Episode: Ep. 198 - 3 Key Numbers to Know Before You Offer
Description: If you can't run the numbers, you shouldn't be flipping—that's the reality of this business. In this episode, I break down the three key numbers every flipper needs to know: purchase price, renovation costs, and after-repair value. I'll walk you through a five-minute formula that helps you quickly decide if a deal is worth your time or if you should move on. I also cover common mistakes, like underestimating reno costs and ignoring hidden expenses like permits, holding costs, and agent fees. Plus, I explain why the 70% rule isn't always realistic and how to adjust your nu...