Total Profit Flips
Total Profit Flips
Definition:
Total profit flips are the amount of money a house flipper makes after buying, renovating, and selling a property for a profit. It is calculated by subtracting the total expenses from the total profit from the property sale.
Formula:
Total Profit Flips = Total Profit From Sale - Total Expenses
EXAMPLE
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, their total profit flips would be $50,000.