🏡 **Welcome to my YouTube Channel If you're a beginner in real estate investing and wondering how to analyze house flips in the current market, you're in the right place. In this video, we'll break down the essential steps for beginners to effectively analyze house flips in today's dynamic real estate landscape.
🔍 **Key Takeaways:**
1. **Market Overview:**
- Understand what's selling and what is actively being sold in proximity to your subject property.
2. **Cost Estimation:**
- Accurately estimate what the total cost for the rehab will cost you so you do not run out of money
3. Hard Money vs Private Money
- They both will get the job done, however I recommend to establish genuine relationships with investors to get yourself better loan terms
4. Length of the Loan
- Accurately estimate how long the flip will take you so it does not cost you more money to extend.
5. **Profit Margins:**
- What is the minimum profit you want to make? Make sure you factor that into your Offer.
8. **Exit Strategies:** Explore various exit strategies, including selling on the open market, wholesaling, or holding for rental income. Tailor your approach to the current market conditions.
Leave me a Comment with any additional Questions.
Hope you enjoy.
