Smart Money Investor: Fix & Flip 101! — Part 1
How to separate the fact vs. fiction of flipping properties. No question reality TV shows have shown many of us a glamorous side to the profit potential. However, does it show the true story? What are some of the basics you need to know to become successful as a real estate investor? Data is as critical to your success as a fix & flip investor as cash flow. ATTOM Data Solutions, the average gross profit for house flipping was $62,300 in the first quarter of 2020. This equates to an average percent return of 36.7%, which is down about 3%…