Flipping Houses For Dummies
Explore Book- Increasing: When home values are rising, your total investment in the property, including the purchase price, closing costs, renovation costs, holding costs, and selling costs, shouldn't exceed 80 percent of its estimated resale value.
- Flat: When home values are steady, limit your total investment in the property to 70 to 75 percent of the estimated resale value.
- Decreasing: When homes in the area are decreasing in value, invest no more than 60 to 65 percent of the property's estimated resale value.