House Flipping Business Plan

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How to start a house flipping business without using your own funds: http://stefanaarnio.com/book

When it comes to flipping houses, there are many levels of playing the game.

Amateurs who do it themselves with their own money part time will flip 1-2 homes per year. This is limited by the fact that a distressed home with $40,000 of work usually has roughly 2000 man hours of $10 per hour labor inside of it. So if you do the math, a part time amateur has 2000 working hours per year at his job, then does a 2000 flipping job on the side. That is an 80-hour week every week, and you still have to sleep!

Expected Income: These people don’t know how to do their numbers properly and aren’t valuing their time so they might make $20,000 to $60,000 extra per year before subtracting their labor value. When all the math is done, they are better off working at McDonalds for $11 per hour guaranteed.

Read more here: http://stefanaarnio.com/2017/09/11/how-many-houses-can-you-flip-in-a-year/

6 COMMENTS

  1. Hi Stefan, I'd love to start flipping houses as it's been a dream of mine. However I'm currently lacking in funds because of the poor economy in Calgary. Can you help me get by recommending my painting service to your students? Check out http://ecostarpainting.com

    Great book BTW!!

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