How To Create Your Own Fix and Flip Deal Analyzer (Free Calculator!)

[@twbill1069]

I downloaded the calculator. How do I change it to Edit mode from View?

[@seanlovesrealestate]

Go to "File -> Make a copy" to edit your own version of the sheet!

[@twbill1069]

Thank you

[@getachewseyoum]

Thank you so much Sean for this detailed explanation.

[@BB-xe1jl]

This video is exactly what I was looking for! I made a fix and flip spreadsheet about a week ago but it is missing a few of the smaller details you included. The more detailed tho, the better for accuracy. I like it!

[@seanlovesrealestate]

Thanks for watching! I presented this at our meetup a few weeks ago and a lot of people who couldn't make it requested that I make a video about it. Being able to accurately analyze a fix/flip deal is crucial to becoming a successful flipper!

[@BB-xe1jl]

@@seanlovesrealestate Are your meetups in person or online? I'm in California but I know you're in Texas now

[@seanlovesrealestate]

@@BB-xe1jl I do them virtually! You can sign up at meetup.com/everythingrei

[@TheChinaPlay]

Has anyone noticed that he didn't do the math right? The ROI is not 111% it's 11%. Not a great deal but a average-bad deal actually, maybe in that market considered good. You have to subtract 1 if you do the New/Old way, or you can do it (new-old)/old.

[@hairatbabalola3730]

This is amazing. Thank you.

[@seanlovesrealestate]

Glad you liked it!

[@TheDevinstreet]

This was awesome and put together perfectly. Thanks for this!

[@seanlovesrealestate]

Glad you like it! ☺️

[@danny49r1]

awesome video. thanks for the calculator! subscribed and liked!

[@seanlovesrealestate]

Awesome, thank you!

[@okreawood3785]

Video is very informative I do like

[@seanlovesrealestate]

Thanks for watching! ☺️

[@okreawood3785]

On a fix and flip is I use a hundred % rehab loan do i (add) that or still (subtract) to get the total cash out of pocket $

[@charlestrotto7414]

Great video thank you so much Sean! Question, it seems the out of pocket construction costs are missing to the total cash out of pocket total $? Is this correct?

[@Elder.Santos]

I liked this video Mr. Sean I am learning and this going to help me a lot. THANK YOU i subscribed.

[@seanlovesrealestate]

Awesome, thank you!

[@lilid5016]

amazing never change please

[@lilid5016]

no flip calc tho but good vid

[@seanlovesrealestate]

@@lilid5016 Did the link not work?

[@gwchiang8641]

Execellent job. I cannot find the calculator either

[@seanlovesrealestate]

@@gwchiang8641 everythingrei.com/flipcalculator/ you should be able to get the calculator after going here and filling out the form

[@KevinLazarski]

great video and very helpful. Question...in your example you only use 50% construction load which equals 25k....where is the other 25k accounted for in out pocket expenses?

[@JakeCsekme]

Is there anywhere I can still download this?

[@ryguy0341]

Great tool!

[@seanlovesrealestate]

Thanks!

[@dontaylor4053]

Great video, as a newbie I’m looking to start flipping with no money down. How would you add calculations for private money to the same spreadsheet for the down payment, holding cost etc?

[@seanlovesrealestate]

I have a more complicated calculator for that. I'll work on making it available sometime next year.

[@sergecaliz3705]

I downloaded your spreadsheet, and one of the things i noticed that is missing is, the Price P/SF. I Added it to your spreadsheet i downloaded, but i think this would be helpful to have so people that are going to use your spreadsheet, know how much they are paying P/SF. Just a Thought! but great video and great spreadsheet you have here. Thanks!

[@seanlovesrealestate]

Thanks for the recommendation, Serge. ☺️

[@patrickwilliams6764]

Serge, would you mind sharing your spreadsheet? I am unable to download the one attached.

[@getachewseyoum]

This is a very good education for starters. But how do you do the estimation of the rehabilitation / renovation cost? Because I think this would be one area where you might end up spending more than the initially anticipated limit both in terms of cost and time.

[@seanlovesrealestate]

You will need to get bids from your contractor to get an estimate of what those repairs will cost. After you do it a few more times, you'll get a feel for what they should be

[@mattkinsman1452]

What about capital Gaines tax since the property is held for less than a year?

[@seanlovesrealestate]

You need to pay short term capital gains taxes.

[@DrivenbyElliot]

what is a rehab setup fee? I am in New York and I don't understand how one can determine this number. ( I know the $650 is hypothetical.)

[@seanlovesrealestate]

It's what the lender will charge you if you want to get a construction loan with your purchase loan. When you call them, just ask what they charge for the rehab setup fee.

[@KevinLazarski]

I meant $37.5l not 25k

[@christianstill.6654]

Hold on! Isn't LOAN TO VALUE different from LOAN TO COST???

[@seanlovesrealestate]

Yes, it should be. But if you're not getting a construction loan then it's the same value from the lender's perspective.

[@NikkoCangialosi]

55% cash on cash " emm its ok" WHAT?! lol

[@okreawood3785]

Bro you got to do a video about only using other people's money this video just messed up my head I thought I had a good deal but after seeing this video my roi was 1.01765 because I use private unsecured loan lender to make up the out of pocket money

[@seanlovesrealestate]

Hey. This might be of help. It was only uploaded recently. kzbin.info/www/bejne/kIfCqpeDhNWLeJY

[@okreawood3785]

@Sean Pan GM Sean so I made and offer on a house 289K after looking at comps ARV is 500K +. I Have H.M.L 70% then for O.M I have a unsecured loan from a partner lender have watching your calculations method I'm thinking I will withdraw my offer and make a lower offer at 150k

[@okreawood3785]

Thanks for replying