Connect With Us

We would love to hear from you! Seriously, we would.

 

           

123 Street Avenue, City Town, 99999

(123) 555-6789

email@address.com

 

You can set your address, phone number, email and site description in the settings tab.
Link to read me page with more information.

Constructed Matter News

Constructed Matter produces handcrafted one-of-a-kind furniture and modern home decor. We try to keep you up to date on our projects, events, and happenings.

Based in Phoenix, Arizona // Minneapolis, Minnesota

Flip Margin

Tanya Ballard

Flip Margin Logo

AVAILABLE NOW - CLICK HERE

IDEA

The idea for Flip Margin came about while I was looking for investment properties in Phoenix, Arizona. The number one thing I have learned from the three flips we have done is that 'you make your money when you buy'. With this constant reminder in my head and pressure to perform by choosing the best property, I knew that I needed to utilize as many tools as possible during the property acquisition. My realtor introduced me to the idea of this sort of reverse margin formula and we began using it in our property search.

  If you are not aware the Phoenix area real estate market is going crazy right now. This location currently has one of the strongest if not the strongest market in the country. The competition is crazy. Everyone and their mom seems to be buying up houses. The need for on the spot phone applications in the real estate market is strong and I felt that I needed to have an advantage.

  Flip Margin gives me the advantage of easily and quickly estimating the profit margin of a particular property and save it for later use.

What you need to know:

Property Comps - This will allow you to estimate your Sale Price

Purchase Price - The price you pay for the property

Holding Cost - What will your lender charge in interest, utilities, etc. during the time you hold the property

Realtor / Closing - I use 7.5%. (3% Buyers Agent + 3% My Agent + 1.5% Closing Costs)

Renovation Cost - What will it cost to get the property updated (I estimate this on the spot, but you can have your contractor give you that number during the showing)

  When we estimate a property we typically use 10% as the multiplier for Holding and Realtor / Closing Cost combined. This is always a fixed percentage for us. The Sale Price, Purchase Price and Renovation Cost varies on each property. After a margin is calculated the property can be saved for analysis later. Up to five properties can be saved at any given time.

CONCEPT

Below is the concept I put together for my developer and partner on the project, Mike Havrilla. As you can see we have already changed the name. FlipStimate might end up being the umbrella for the estimators and calculators where Flip Margins falls within.

iOS App Icon - Flip Margin

iOS App Icon - Flip Margin

LAUNCH

Flip Margin is available for iOS devices in the App Store. In app purchase is available for the pro-version for $0.99, allowing users to save properties and get rid of ads.

Click here to download.