How to assess if a house flip is profitable.

I am asked this a lot , below is the simple steps and in reality its also time against money if you can flip and do in 3 months is 10K not a bad deal for a months work and two months selling £20 sound better and £30 even more but its about how much you put in againset how much return you get , buy cheap and the returns are small , buy high and you rewards are bigger but so is the risk

1) Ignore asking price.

2) Reverse engineer.

3) What is the property selling when in good condition.

4) Start with end goal in mind.

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