Real estate investors who flipped 15 properties that profited $1.2 million in 2022 share 4 keys to successful flipping
Their experience has taught them the importance of knowing their numbers inside and out.When high school friends and business partners Aria Khosravi and Alan Blue flipped their first home — a fixer-upper that they bought for about $95,000 in Fort Collins, Colorado — they didn't know exactly what they were getting themselves into.
After more than a decade of experience, they've learned that"no flip goes super smooth to plan," said Blue."There are always things that come up. But when you have systems in place, you're able to manage those things that come up and still come out with a good outcome."1. Know your numbers: how much renovations will cost and what you can sell for
"In some neighborhoods you can have a $60,000 swing from a house that is on a big street or backing up to a highway versus a house that isn't," said Khosravi.
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