How much does it cost to flip a house? How much money do I need to start flipping houses?
Do you know the answers to these questions? The best thing you can do to prepare for your next project is to understand your house flipping cost breakdown. You need to account for all of the costs during the project, not just the purchase and rehab costs. With a full understanding of the costs, you can calculate your ARV (after repair value) and anticipated profit, have a clear picture of the terms of your hard money loan, and identify challenges before they come up.
Use our free house flipping calculator below to calculate a cost breakdown for your next fix and flip project.