The Flip Appraisal

GDV, refurb cost, holding costs, fees, and the margin you must protect

A flip that sounds profitable when described quickly can leave little or nothing once every real cost is counted. This book teaches you to appraise a specific property honestly before you commit. It reduces the appraisal to a single equation with five elements, explains why margin is a buffer rather than a bonus, and why the purchase price is the only real lever. You will learn where to find real sale prices, floor areas and refurbishment costs for free, and how to value the finished property as a valuer would, respecting the ceiling of the street and adjusting comparables honestly. The full cost stack covers buying, refurbishment, holding and selling costs, including how your choice of finance changes the holding cost. The deal is stress-tested against a bad month, an overrun and a market that turns, and a complete worked example works backwards to the offer. It ends with a calculator to use on every property. Next in this series: “Planning, Building Regs and the Tax Trap”.

What’s inside

• The only numbers that actually matter
• Where to find reliable local data for free
• Working out true income, not optimistic income
• The full cost stack nobody mentions
• Stress-testing for the bad month, the over-run and the market that turns
• A complete worked example, start to finish
• Your deal calculator, and the legal questions it cannot answer

Educational material only, not financial, legal or tax advice. Results are not typical and are not a guarantee of income. Freedom Property Academy LTD, registered in England and Wales.