Chapter 34
Why Flippers Are Losers and the 15 Percent Rule.
Flipping real estate is one of the most sensationalized forms of real estate investing around today. This is a very popular and romanticized real estate strategy, but many flippers are uneducated, unsophisticated investors who can lose their shirts if they play the game wrong.
In this chapter of Money, People, Deal, you’ll learn about the one biggest calculation mistake flippers and new investors make, spoiler alert: if used, it will absolutely kill you. Stefan will provide you with his 15% rule to appropriately calculate profit. From the final sale price to the financing, carrying and insurance, this formula will make everyone happy, especially you.
“If your deal still makes sense after applying the 15% rule, you have a great deal.”
For centuries, entrepreneurs have taken resources from different sources and have assembled them to create higher value. Learn from Stefan Aarnio the rules of the deal game, how to change your mindset and who you have to become to succeed and the art of Money, People and Deal. Invest in yourself so others invest in you at: https://stefanaarnio.com/
