Thinking of flipping a house?
One thing is for certain: a real estate investor shouldn’t buy a property simply because they think it represents a great opportunity, but rather because the numbers say so. Running a proper real estate deal analysis has more to do with the scientific method or a mathematical equation than it does with a good feeling in that there is a process. At the very least, analyzing a property’s profit potential is overtly objective. The average deal is simply too expensive to base its outcome on an assumption alone; you have to be sure the numbers work in your favor. That said, you had better know how to analyze a real estate rehab if you ever hope to realize your true potential.