The #1 Secret to Flipping Houses for Profit
Establishing accurate projections is an integral component to flipping houses for profit. If you become too confident with your projections or fail to run accurate numbers, then you risk not making a profit when the home is ultimately sold.
I really cannot overemphasize how important accurate projections are to my house flipping business, and I urge you to consider the impact that projections can have on your own house flipping business.
So without sounding too repetitive here, absolutely pay close attention to your projections-in particular pay close attention to the amount of time you are projecting to hold onto a certain property.
This is an essential variable to include in your overall cost analysis.
Occasionally I will hear about folks who claim they are flipping houses in 3 months (sometimes less!) and really flying through properties. It goes without saying that this would be an awesome situation to find yourself in.
Yet how truthful are these claims and how feasible would it be for you to flip a house in 3 months or less?
Well lets have a look...