3 Tips for Evaluating the Worth of a Fix and Flip Property
                     3 Tips for  
Evaluating the  
Worth of a Fix 
and  Flip 
Property
2625 East 14 St. Suite 209  
Brooklyn, NY, United States  
11235
[email protected]  
www.expresscapitalfinancing.com
3 Tips for Evaluating the Worth of 
a  Fix and Flip Property
Purchasing a property with the intent to renovate and sell can be a  
lucrative business. However, sometimes it’s difficult to determine if a  
property is worth your time and effort. If you’re wanting to know when to  
purchase a fix and flip properties, here are three helpful tips.
1. Consider Hiring a Professional
The last thing you want to happen is to lose money on a property.  
Sometimes it’s hard to know if a property will be worthwhile. One of the  
best ways to know that you won’t overbid on a property is to hire a  
professional. While this is the most expensive option, you are more likely  
to ensure that a property is purchased at the right price and that the  
repairs will be done quickly and efficiently. Cost, speed, thoroughness  
and accuracy are important when fixing and flipping a property. While  
hiring a professional is costly, it guarantees the other factors are  
achieved.
2. Do-It-Yourself
If you’re looking to cut costs while fixing and flipping properties, doing the  
job yourself is a good option. Fixing and flipping a property involves a  
variety of costs including the purchase price, renovation costs, carrying  
costs and marketing costs. The purchase price is obviously what you pay  
for the property and renovation costs include all materials and labor  
necessary to repair and refresh the property. Carrying costs are the  
expenses required from the time you acquire the property until you sell  
it. And finally, marketing costs include any real estate agent and  
marketing fees to sell the property. If you opt to handle all these costs on  
your own, be prepared to spend the required time and money.
3. Use the 70% Rule of Thumb  
Method
Evaluating the value of a property can be complicated. However, there is  
a 70% rule of thumb method recommended when dealing with fix and  
flip properties. The rule involves the after-repair value of a property  
minus the repair costs. A simple example is if a property is worth
$200,000 after $25,000 in repairs, you shouldn’t pay more than $115,000  
to acquire the property. While this is only a suggested rule, it’s a good  
method to use if you’re looking to quickly acquire properties. This method  
may lack thoroughness compared with the other methods; however,  
speed and accuracy are achieved.
When evaluating the worth of a fix and flip property, use these three tips  
to ensure the right amount of cost, speed, exactness, and diligence.
2625 East 14 St. Suite 209  
Brooklyn, NY, United States  
11235
[email protected]  
www.expresscapitalfinancing.com