04.11.2024 PropStream
Calling all fix and flippers…
Whether you’re just gearing up to find your first fix and flip opportunity or you’ve already managed to create a successful business, there’s one universal rule in your line of work: You need high-quality leads to generate income continuously.
However, finding profitable opportunities today is challenging, with interest rates still high, inventory low, and home prices still elevated. Luckily, there’s a solution to help you find fix and flip opportunities, no matter the market conditions, by pursuing off-market inventory with motivated sellers.
Your ticket to finding these opportunities: PropStream!
And you’re in luck—if you’re interested in learning more about using PropStream to find flipper leads, we have an event you won’t want to miss.
Join our Product Specialist, Chris, on April 30, 2024, at noon (PST) for an interactive, informative live webinar on generating leads as a flipper: Fix and Flip Leads Made Easy!
In this exclusive live webinar, you’ll learn:
- The definition of a “flipper,” including a breakdown of the various components of the job
- How to use PropStream to find prime fix and flip leads
- Tips and tools for accurately estimating a rehab project (ensuring a profitable flip)
- How to find potential buyers once you’ve completed a flip
Plus, Chris will answer your burning questions regarding flipping, PropStream’s use cases, etc.
Don’t hesitate to reserve your seat—spots are filling up fast!
Join Chris on April 30 at noon to learn the ins and outs of creative fix and flip lead generation—helping you create and maintain a profitable business that can weather the highs and lows of the real estate industry.
Pre-Enroll in Fix and Flip Leads Made Easy today!
Psst! Don’t forget to activate your 7-day free trial to follow along.
Frequently Asked Questions (FAQs) for Fix and Flip Investing
How much can I make on a fix and flip?
The amount a flipper makes will vary, depending on factors like region (this impacts the cost of real estate, labor, and materials), market conditions, whether or not you run into unexpected additional expenses, etc.
However, on average, experienced flippers often expect a minimum return on investment of around 15-30% to consider a flip a good investment.
Pro Tip: To determine the potential ROI for a flip, use PropStream’s Rehab Calculator to estimate renovation costs in your region!
What is the 70% fix and flip rule?
The "70% fix and flip rule" is a guideline often used by fix and flip real estate investors to determine the maximum purchase price for a property they intend to flip. According to this rule, investors should aim to purchase a property for no more than 70% of its after-repair value (ARV) minus the repair costs and other expenses.
Are fix and flips worth it?
If carefully calculated and performed strategically (using reliable technology to weigh the estimated ARV and renovation costs against the purchase price), flipping can be profitable, especially if the flipper is handy and can perform many of the renovations themselves.
Is fix and flip risky?
Any investment avenue can be risky, and each type of real estate investment has unique challenges and risks. To minimize risks, we recommend doing your due diligence and consulting a financial and/or legal professional before investing.
Other Fix and Flip Resources
- PropStream Academy Course: Fix and Flip Like a Pro
- PropStream’s Blog:
- How to Find a Property to Fix and Flip
- Flipping Houses and Taxes: What You Need to Know
- 10 Common Questions About Fix and Flip Real Estate (+Answers)
- Financing a Fix-and-Flip Project
- PropStream Resource Video: How to Utilize the Rehab Calculator
