Page 22 - From Ghetto to Gucci: The Basic Principles of Flipping Houses

In the letter make sure to explain to them all the repair work that will need to be done on the
property, and that your maximum price is where it is because of the significant work that you will
need to do. If they accept your counter-offer, congratulations! If not, you need to be able to turn
your back and leave the deal. There you have it. That’s the complete course on how to find a
suitable house to flip.

I’ll take you through the number-crunching that you’ll have to do for each and every house. So
don’t think you’re ready to purchase a house just yet, continue reading to the next part and you’ll
have the quantitative skills that you’ll need to succeed in purchasing the right house. I look
forward to expanding your house-flipping knowledge there!

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