Flipping Junkie - Danny Johnson - For Those Addicted To Flipping Houses

60: [Deal Analysis] Analyzing Deals Like a Pro with Bill Allen

Informações:

Sinopsis

Bill Allen has been flipping for over 3 years now and has done an incredible amount of growing in that short amount of time.  He’s a full-time flight instructor for the Navy and has managed to grow a house flipping business from himself to a team running like a well-oiled machine. I highly respect Bill and how he thinks.  He’s the type of guy that loves to think through all types of situations and coming up with solutions.  I think we’re wired the same. In this episode, Bill shares with us how he got started.  We then go into how he analyzes deals.  His method of analysis is very similar to mine. He uses the 70% rule of deal analysis for a quick idea of whether a deal is feasible or not and then goes into more detail. A very important thing he mentioned was that the 70% rule works well for houses in the over $100k to about $180k range but not so much for anything outside of that.  I tend to agree. His quick method for repair cost estimation is to use $20 per soft of the house and then add costs for major item