Total Profit Flips
Definition:
Total profit flips is the amount of money that a house flipper makes after buying a property, renovating it, and selling it for a profit. It is calculated by subtracting the total expenses from the total profit from the sale of the property.
Formula:
Total Profit Flips = Total Profit From Sale - Total Expenses
Example:
For example, if a house flipper buys a property for $100,000, spends $50,000 on renovations, and sells the property for $200,000, then their total profit flips would be $50,000.