The 6-Figure House Flipping Formula ($272K Profit Example)

House flipping is one of the fastest ways to build wealth in the entire real estate investing arena. With just one deal, you could make many multiples of a six-figure salary. Just ask Leka Devatha, who made a mind-boggling $272,000 profit on her latest fix and flip. But this huge profit wasn’t created by accident or by a beginner, it was done by a seasoned, experienced home flipper who knew the ins and outs of the fix and flip analysis.

So how do you get this good at fix and flipping? It’s not impossible, but it may take some trial and error. Thankfully for you, Leka is here to drop some of the knowledge that she’s learned over flipping hundreds of homes and walking away with some six-figure profits. The most important part of any real estate analysis is knowing your numbers. What are your acquisition, holding, and rehab costs, and what could the house sell for even if the market takes a dip?

If you can answer all these questions, you have a high chance of being able to profitably fix and flip a home without a ton of hiccups. And, if you’re lucky enough (like Leka), you might just overshoot expectations and take home an even bigger share of the profits than you had expected. The only way to find out? Try the tips Leka gives in this video!

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Join BiggerPockets for FREE 👇
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Check out Last Week’s Episode on Real Estate Underwriting:
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How to Analyze a Fix and Flip:
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Find a Lender for Your Next House Flip:
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Try the BiggerPockets Fix and Flip Calculator:
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Grab “The Book on Estimating Rehab Costs”:
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Hear Leka on The “BiggerPockets Real Estate Podcast”:
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Connect with Leka on BiggerPockets:
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Follow Leka on Instagram and LinkedIn:

00:00 How to Underwrite and Analyze a Flip
00:44 3 Numbers You Need to Know
02:07 The Costs to Account For
02:50 Leka's Latest $272K Fix and Flip

#biggerpockets #lekedevatha

[kimhimes]

I really like the quick profit analysis tip of expecting 10% of the ARV..very helpful! :))

[ThatADUGuy]

Great video with up to date tips on how gather the right data. Thanks!

[DiqaunColeman]

You killed it my friend. Wonderful breakdown

[cindymoyzhang]

Great job! how were you able to complete in 4 months? from increasing the number of beds/baths? did you have to apply for permits? if so, this process can be time consuming..

[eliseeilunga]

Great job Leka, The house looked really good!
-Was this purchased this year?
- How did you finance it?

[coryda]

That's a great flip at the top of the market, awesome job. But even with 10% net of the ARV on a flip is doing well and more in line with typical flip these days.

[RobertoPerez-hhor]

still waiting on my first flip, I have a little bit of trouble coming up with how I can fund with no money of my own, for some of these huge emd that some wholesalers ask.

[krystofpilisiewicz]

Wow. That is crazy that you can make this money 💰 in 4 months

[arrow_head]

Do you minus also money owed on private/hard money lenders?

[kevinm]

For the first time in my life, I understand what women mean when they find an accent attractive. Anyway, great video!

[danightryder]

That wholesaler did a bad job. They certainly could’ve made more