Lex Levinrad Real Estate Investor, Speaker, Author & Mentor

On this podcast episode, I talk about the key components that you need in order to get started fixing and flipping houses. THESE KEY COMPONENTS ARE: *Finding A House To Fix & Flip *Estimating After Repair Value *Estimating Repairs & Materials *Calculating Your Profit Margin *Finding a Private or Hard Money Lender *Having a Contractor To Fix The House On this podcast episode, I dig deeper into some of these topics and show you why the most important basic foundation for fixing and flipping is to understand what the house will sell for (After Repair Value). The other key component is what it will cost to repair the house (labor and materials). If you know the answer to the After Repair Value, and you know the Repair Estimate, then it is relatively easy for you to plug those two variables into a calculator and figure out your potential profit on the fix and flip. Here is a free tool that I created for my students to use to estimate the profit margin on fix and flips: https://www.lexlevinrad.com/rehab-pro