The FIX & FLIP Formula - How to calculate your investment property profits

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Charles Weinraub AKA “The Handsome Homebuyer” is the owner of Mandalay Holdings Inc, a local real estate development conglomerate that includes Captain Permit LLC. Charles graduated from Wantagh High School before completing his Bachelor’s in Business Administration at Hofstra University and finally attended NYU for a master’s degree in Real Estate Development. Charles has been featured in Long Island Business News, Newsday, and other local publications as a rising star in the Long Island Real Estate industry. He is sought after by institutional investors and high net worth individuals to safely deploy capital in the Long Island real estate market.
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Опубликовано:

6 окт 2019

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Комментарии : 42

@GullBadani 6 месяцев назад

Wow what an explanation, love you forever.... I just just master Fix and Flip analysis watching only one 7 min video. Thank you soo much..

@Davion_savant Год назад

Thank you

@Edgar.Zakarian Год назад

Charles, it was an awesome demonstration.

@CharlesWeinraub Год назад

Ty so much !

@nickyf.1269 2 года назад

👏gracias por compartir

@GullBadani 6 месяцев назад

I think one COST is missing in the main formula and thats the cost of purchasing the undervalued property before repair, Formula Should be [ARV-(Cost of undervalued property-Renovation, construction and repair cost-Interest cost-Soft cost-desired profit)=Max Allowable Offer amount.

@musttbemore 3 года назад

Hey Charles. How much of the "soft costs" and "cost of money" is needed upfront? Im looking to borrow from a hard lender and want to know what I should expect to pay upfront besides the down payment

@CharlesWeinraub 3 года назад

Depends on the state your in, how your selling, what rate you’re borrowing at. You will def need your own funds even if you’re borrowing hard money at 90% of purchase and 100% reno

@nathansolomon4584 6 месяцев назад

what if you can do the flip without having to purchase the home or own the contractor company ? I have a business model that allows partnership to negate the need for upfront capital but I'm trying to figure out the best way to split profits / get a basic model of what house are good to take on and what is not . would love to get on a call to explain more

@DanielRizza 2 года назад

Thanks!

@CharlesWeinraub 2 года назад

Anytime

@josuelpaulino8834 3 года назад

Hey lets say interest is 10% per month. Is this the right calculation to determine my exact monthly interest payment... 10% X 300,000 (ARV) = 30,000 Yearly amount ---> 30K/12months = 2500 is 2500 the monthly Interest payment or is it 30K every month ? Thanks

@imadafat 5 месяцев назад

If 30k is annual how would 30k a month make sense

@codygordon59 3 года назад

You left out capital gains tax fed and state

@loveskully15 Год назад

How do I find where Joe talks about creating an excel document for running numbers?

@CharlesWeinraub Год назад

@lukevaliente4320 3 года назад

the mao i got is 80k less than what the person is asking for, if I kept getting those numbers on other homes wouldn't that lower my chances of getting the house by a lot?

@CharlesWeinraub 3 года назад

If your doing the calve correctly and you’re lower than the asking price it means the house is over priced. Work on your marketing to get better deals don’t overpay

@hiteshsharma1991 4 месяца назад

what about tax savings on mortgage and property tax?

@vqc4462 3 года назад

How to you determine your profit?

@CharlesWeinraub 3 года назад

It’s whatever you want. You just deduct it like an expense

@lunagregoria8827 10 месяцев назад

He’s so handsome! ❤

@FinancialFreedomMadeSimple 3 года назад

Awesome video! I`m making a video on the same topic and i stole some of your input

@josuelpaulino8834 3 года назад

lets say interest is 10% with a hard money lender and ARV is 300K . Is this the right way to determine interest amount per month 300K X .10 = 30,000 (year) ---> 30K/12months = 2500 = Interest amount per month. Estimate 5 months = 12,500 total interest payout for five months Is this right ? or am I paying 30K every month for interest payments

@CharlesWeinraub 3 года назад

2500 per month on a loan of 300k @ 10% interest.

@jaybxnyc1 Год назад

Josuel your 10% on 300k is 30,000 total, spread that over the length of your loan

@antonioross796 2 года назад

About to buy my first house. Thanks

@CharlesWeinraub 2 года назад

Do it!

@VeronicaGrimes_tc 11 месяцев назад

@antonioross796, if you ever need help with transactions funding, I can be a resource for you. Reach out any time.

@magic1keys 2 года назад

So it’s roughly 10% of your ARV right?

@CharlesWeinraub 2 года назад

@danielcolon3508 4 года назад

Really would like to know how to cover earnest money when starting with little to no money out of pocket. I hear Long Island is very expensive, is that usually added into your hard money loan?

@ConstantinKogan 4 года назад

The practical way to do it is to partner with someone and/or take a personal loan but only in case if you really have a great deal in hands

@lifeandthoughts8317 7 месяцев назад

U forgot down payment one needs to put to get fix and flip loan

@jimkeyser2478 2 года назад

You left a monthly loan payment, as not all hard money lenders do interest only lending. I don't understand in your presentation how you arrived at your profit?

@CharlesWeinraub 2 года назад

You sub in your cost or capital depending on the way you finance your deals.