Review the fix and flip worksheet that helps you put your comps and numbers together to pitch to potential flip investor buyers.
- [Instructor] Hey guys, welcome back. … In the last lecture we finished the rest of the discussion … around the MAO calculations. … Now, this lecture, we're going to look a the … Flip Investors 70% rule right here, … and you're going to see something like this here. … Okay, now this is a worksheet that you can complete, … and then you can print it out. … If you push print it's going to automatically print … in a landscape format here that you can basically hand … to a potential flip investor buyer. … Okay, so this is set up for you to do that. … Now what you got to do here, … is you got to put in some of the information … for your target property. … So you know, the address, the square footage, … rooms, baths, the lot size, the year it's built. … Okay, and then here are the comps that were pulled … from your ARV exercise. … Okay, so these comps here are left out … because we put a zero there so it doesn't come in, … and then here is some of the stats on these comps, right. … Now then these here are the rehab estimates …
- Name the formula used to calculate the MAO from the AVR.
- Summarize the 70% rule.
- Differentiate between the rehab estimator, ARV, and MAO calculator worksheets.
- Describe the factors in an AVR estimate.
- Cite the formulas that are helpful when pitching to a flip investor buyer.
- Explain the difference between recently sold comps and rental comps.