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House Flipping Detailed PDF Edits3.1

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90 views13 pages

House Flipping Detailed PDF Edits3.1

House-Flipping-Detailed-PDF-Edits3.1

Uploaded by

graphicman1060
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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House Flipping Business Plan Template

Company Name

Company Address

Address Line 1

Address Line 2

City

State

Zipcode

EIN Number

Geographic Area Served

Your Name

Mission Statement

This is a formal summary of your house flipping business and what you plan
to achieve. An example of a good mission statement is: We buy distressed
properties, renovate them, and sell for a profit within 6-12 months, helping
buyers and sellers get what they want while at the same time improving the
local community.

Our mission is
Goals Summary
Goals for a house flipping business are typically centered around monthly
profits or the total number of monthly flips. This will help you better unders-
tand your business’s potential performance and success, as well as your re-
turn on investment (ROI).

Annual
Goal 1

Goal 2

Goal 3

Quarterly
Goal 1

Goal 2

Goal 3

Monthly
Goal 1

Goal 2

Goal 3

Lead Generation
These leads are the properties that you will consider buying and flipping. You
should note the source where you found each one so you know where to fo-
cus your time and money for future lead sources.
Property 1
Address Line 1

Address Line 2

City

State

Zipcode

Source

Notes

Property 2
Address Line 1

Address Line 2

City

State

Zipcode

Source

Notes
Property 3
Address Line 1

Address Line 2

City

State

Zipcode

Source

Notes

Comparative Market Analysis


A CMA is an analysis of recently sold nearby homes that are similar in size
and features. It helps determine a property’s market value.
Comp 1 Price

Address Line 1

Address Line 2

City

State

Zipcode

Property Condition

School District Rating

Notes
Comp 2 Price

Address Line 1

Address Line 2

City

State

Zipcode

Property Condition

School District Rating

Notes

Comp 3 Price

Address Line 1

Address Line 2

City

State

Zipcode

Property Condition

School District Rating

Notes
Timeframe

This is the time it takes for each step of each project, assuming you complete
3 projects per year. Feel free to add on to this if you complete more than 3
flips.

Project 1
Property Acquisiton Timeframe

Renovation Timeframe

Marketing and Sales Timeframe

Project 2
Property Acquisiton Timeframe

Renovation Timeframe

Marketing and Sales Timeframe


Project 3

Property Acquisiton Timeframe

Renovation Timeframe

Marketing and Sales Timeframe

Total Time Allocated for Project 1

Total Time Allocated for Project 2

Total Time Allocated for Project 3

Budget

This is again on a per project basis and is assuming you complete 3 flips per
year. If you complete more, feel free to add onto this.
Project 1
Acquisition Costs

Closing Costs

Marketing Costs

Staffing Costs

Other Costs

Total Costs
$ 0.00

Notes

Project 2
Acquisition Costs

Closing Costs

Marketing Costs

Staffing Costs

Other Costs

Total Costs
$ 0.00

Notes
Project 3
Acquisition Costs

Closing Costs

Marketing Costs

Staffing Costs

Other Costs

Total Costs
$ 0.00

Notes

Financing

This is how you’re going to fund each project and will include your lender’s
contact information and basic loan details.

Project 1
Lender

Interest Rate

Monthly Costs

Notes
Project 2
Lender

Interest Rate

Monthly Costs

Notes

Project 3
Lender

Interest Rate

Monthly Costs

Notes

Exit Strategy

Project 1

Notes
Project 2

Notes

Project 3

Notes

Key Team Members

Key team members usually include an attorney, accountant, contractor and


realtor
Attorney Name

Address Line 1

Address Line 2

City

State

Zipcode

Phone Number

Email Address

Notes
Accountant Name

Address Line 1

Address Line 2

City

State

Zipcode

Phone Number

Email Address

Notes

Contractor Name

Address Line 1

Address Line 2

City

State

Zipcode

Phone Number

Email Address

Notes
Realtor Name

Address Line 1

Address Line 2

City

State

Zipcode

Phone Number

Email Address

Notes

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