Flipping Education

Note: If you would like FREE access to all our spreadsheets, tutorials, checklists, business plans and other great tools, just sign up for the 123Flip.com Newsletter…

Here is a compilation of articles from 1-2-3 Flip:

So You Want to Flip? Read This First:

• What is “House Flipping”
• The 8 Rules of Flipping in the New Economy – Part 1
• The 8 Rules of Flipping in the New Economy – Part 2
• The Top 10 Lessons Learned on House #1

Treating Real Estate As A Business:

• A Better Business Philosophy
• Rich or Wealthy?
• All About Paint (And Processes)
• Controlling Your Deals

Building Your Team:

• Getting Your Real Estate License
• Building Your Investment Team
• Finding a CPA
• The 3 Types of Contractors
• Finding a General Contractor

Business Planning:

• Building Business Credit
• Real Estate Pro? Or No?
• Accounting & Record Keeping
• Contracts For Your Contractors
• Independent Contractor Agreements

Getting Ready to Buy:

• Always Remember: BUYERS BEWARE! (NEW)
• Real Estate Negotiation Tips
• Analyzing Real Estate Markets – Part 1
• Analyzing Real Estate Markets – Part 2
• Analyzing Real Estate Markets – Part 3
• Market Data & Trends
• The 4 Types of Investor Financing
• Leveraging the MLS
• What Are Contract Contingencies
• 4 Rules for Using Contingencies
• Top 4 Seller Questions – Answered!

Rehab and Construction

• How I Manage MY Rehabs (NEW)
• The Myth of “No Rehab” Rehabs
• Making the Right Rehab Choices
• Discounts on Materials
• Estimating Rehab Costs
• Contractor Parties
• 6 Rules for Managing Your Contractors
• Better, Faster, Cheaper
• Acquisition Checklist
• Document Checklist
• Final Inspection Checklist (NEW)

Rules and Regulations

• The Various 90-Day Restrictions
• FHA 90-Day Rule
• Waiver of The FHA 90-Day Rule
• Employee vs. Independent Contractor

Selling/Marketing

• Staging Tips – Part 1
• Staging Tips – Part 2
• Building a Buyers List

Finance: House Flipping

• The Flip Formula
• Calculating Fixed Costs
• What Controls Mortgage Rates

Financial Analysis

• Introduction to Internal Rate of Return (IRR) (NEW)
• Cash Flow vs Appreciation
• Cash Flow Analysis
• Rule of Thumb: The 50% Rule
• Rule of Thumb The 2% Rule
• Hypothetical Rehab & Rent Example (for Single Family Houses)
• Analysis of a “Rent & Rehab Single Family Houses” Business (Part I)
• Analysis of a “Rent & Rehab Single Family Houses” Business (Part II)

Multi-Unit Property Financial Analysis

• Why Cap Rate is Important
• What is a Fair Price (for Apartments)
• The (Other) Golden Ratio

Finance Tutorial: Analyzing Multi-Unit Properties

1. Introduction to Real Estate Financial Analysis
2. Gathering Your Information
3. Net Operating Income (NOI)
4. Common RE Performance Measurements
5. Financial Analysis Summary