Great content - is that a photo of Brandon Turner in background, lower left corner??

Great video Tarl, I'm really liking these kinds of videos. Please keep it up. I'm planning on doing my first flip this year. I already have my contractors and agents lined up. And almost 20% saved up for my first flip. Your videos help give me confidence in what I'm doing. Thanks!

@tarlyarber

3 жыл бұрын

That's fantastic! Pay attention to the numbers, and never "have to" buy anything.

Incredible video! Exactly what I was looking for...thank you!

nice gems in this video really explains stuff other videos don’t!

Does bigger pockets have any deal analysis on a Live In Flip? Or a type of analysis with a typical mortgage? I struggle with working in the numbers if you're living in the home & paying down the mortgage for a period of time. Love this channel and community 🙌 thank you

You are a very good teacher. Thank you so much for sharing this valuable information!

This was so helpful. Thank you. You articulated my thought process and helped me realize that I should focus more on cash on cash return instead of always thinking about total profits. How can we reduce our tax burden?

Hey Tarl! Can we get a copy of the spreadsheet?

Very well explained video! I am a new wholesaler interested in understanding needs/wants of my cash buyers. Accomplished that from this video!

@ Tarl, this was a great video. I have a question, as you're going through the process of a flip, what kind of processes or checks do you use to track how youre actual spending (materials & labor) are tracking in comparison to your projections at the start of the project? I'm in the middle of my flip, and I'm finding that I spent more than I anticipated on certain things. Luckily, I'm finding ways to offset the overages by finding less costly materials. Do you have any advice on how you keep track of what you're spending and how to tune your costs and budget as a project proceeds?

Great video! Thank you so much 🙏🏻

This was great! Thx

Awesome video! Why was the "Selling Cost" excluded from the total net profit calculation? Shouldn't the selling cost of the property also be factored in?

I think is incorrect, but correct me if I am wrong. 1.- The tax treatment of your fix-and-flip investment hinges upon whether or not you're considered to be an investor or a dealer for tax purposes. If you are investor for example the capital gains tax treatment for a profit of $9,951 to $40,525 is 12% if you are single, if you invested 70K with profits of 35,729 that will be 44.92% real ROI, 35,729*(1-12%)/70,000=44.92%.

Do you have a video of the actual spreadsheet you use to calculate the breakdown, etc? Great video!

This video is gold.

any way to get a copy of the spreadsheet you used ? thanks

@cmetarheel

3 жыл бұрын

Exaaactly.

Curious, what do you do, if anything, to improve the energy efficiency and water use?

Would love to snag the spreadsheet if it’s available!!

Nice DEF CORE poster in background

Great video. Can you release the excel file you used to model this deal?

Mind sharing the spreadsheet? Or can it be done with the biggerpockets calculators?

Hey Tarl can I get that spreadsheet? Awesome Vid bruh!

and if u work on a lower range of prices, do u recduce the 15%?

Should RE investors also include income tax into the expenses?

it's the picture of Brandon in the background for me lol

Where can we get the spreadsheet??

I feel like I’m missing something, I don’t know any investor that does fix and flips that would do such a deal, It’s a bad deal no matter which way of putting it, A low risk flip you buy for 75% of the ARV less construction which comes out in this case that he should have bought it at max for $281,000,

@KwekKwekUSA

3 жыл бұрын

That’s what I was thinking too

@tarlyarber

3 жыл бұрын

Weird, you must not know very many investors that fix and flip. I wonder why you think a cosmetic easy, slam dunk, condo flip was a bad deal.

How do we get this PNL sheet?

Do you sell that excel sheet?

How can I get your calculator?

Brah…=b38/b37 no need for the calculator 🤣

why would some one sale a $1,000,000 arv home for $650,000 wouldn't they want more like $800,000 knowing it need $150,000 with of work

can you print out your google form and give us the breakdown of the subjects to us for free?

So I’m confused here, you walk away with roughly 12k after tax and realtor fees?

Of that 35k how much did uncle sam keep?

If you found this comment, you must be pretty friken awesome 😎

@12stnumbers95

3 жыл бұрын

Ikr

The problem with these videos is that he can aford to take such substantial risk. New investers can't just model his methods and come out succesful. It would be nice if he worked a more realistic rehab deal.

@tarlyarber

3 жыл бұрын

What is so "un realistic" about a cosmetic condo rehab? This LITERALLY doesn't get easier than this property when it comes to flipping. If this property is too much work, then stay away from flipping houses.

@mikeheimer537

3 жыл бұрын

The point of the video was to figure out the risk you are comfortable with on any given deal, he was just showing you how to calculate it. Maybe you would be more in the 250k range properties, hard to find in this market unless it is really old and then your risk goes up... again he pointed that out. You are not out of the game though, if you are a cash poor, you can still find deals and if you find a good one, I guarantee you, it will not be difficult to get someone with more cash and/or better finance connections to jv with you. You will have to split the profit but you gain experience with someone by your side that will pass on knowledge to you and 50% of something is better than 100% of nothing.

@akins3182

3 жыл бұрын

Scale down per what you can afford

@brentvance9090

3 жыл бұрын

A lot of people also don't realize they are doing multiple rehabs and get the cost advantage of scale (in supplies and labor). They also already have systems and loads of experience in place to get the job done quickly and efficiently. This isn't something a first-time or even second-time homebuyer should expect.

@mikeheimer537

3 жыл бұрын

@@brentvance9090 You don’t get that big of a discount. It would certainly be to a new persons advantage to do some advance homework to find contractors. There are some ways to mitigate the problems a new person could run into. A couple of examples would be finding someone who already invested in real estate and get some contacts from them. If your city or town has a real estate investors association, they have vendors that are there just to get new clients for everything from financing to contractors to people that will JV with you etc. Like anything else the more experience you gain, the better your deals will be and the more contacts you will have, but a new person will still have a good chance of success. Just look at the videos of people on Bigger Pockets and you will see that some had great success from the beginning and some got their education on their first or second deals, but usually still made money, just not as much as they did afterwards.