Free House Flipping Startup Costs Calculator

1. What type of property acquisition are you targeting?

Deep Fixer-Upper (extensive work) Moderate Renovation (significant updates) Cosmetic Upgrades (minor improvements) Move-in Ready (minimal work)

The type of property affects the scope of renovation and acquisition costs.

2. Approximately how many square feet is the property? A larger property can mean higher renovation and material costs.

3. What is the current structural condition of the property?

Structural issues (foundation, roofing concerns) Minor repairs needed Good structure (mostly cosmetic fixes)

Structural challenges can significantly impact renovation costs.

4. What level of renovation quality do you plan to implement?

Basic (budget materials) Standard (mid-range upgrades) High-End (luxury finishes) Custom Luxury (designer level)

Higher quality renovations typically require a larger investment.

5. How many contractors/laborers will you hire for the renovation? More labor can mean higher costs, but might speed up the project.

6. Do you plan to invest in interior staging and curb appeal improvements?

Minimal (basic cleaning and touch-ups) Moderate (furniture rental, landscaping) Extensive (professional staging and upgrades)

Enhancing curb appeal can boost the property's resale value.

7. What level of permits and inspections will you require?

No additional permits Standard permits Extensive regulatory compliance

Regulatory requirements can add to your overall investment.

8. What is your marketing and sales strategy budget?

Minimal (online listings, word-of-mouth) Moderate (local ads, realtor fees) Aggressive (professional marketing campaigns)

A strong marketing strategy can help you sell faster.

9. Will you use a property management or sales system for your flip?

Basic (self-managed) Standard (software tools) Advanced (full-service platform)

Advanced systems may offer better tracking but at a higher cost.

10. How much working capital do you plan to reserve for unexpected costs and holding expenses?

Low (1-2 months of expenses) Standard (3-4 months) High (5+ months)

Sufficient working capital can safeguard against unforeseen expenses.

11. Will you set up a dedicated website or online portfolio for your projects?

No Yes

A professional online presence can enhance credibility.

12. Have you already reviewed our house flipping financial plan ?

No Yes

This plan provides a detailed 3-year financial analysis with key profitability metrics.

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