Here are Three of My 12 Week Sprint Goals For My Real Estate Investing Business
1. Sell 25 flips that we currently have in inventory 2. Get at least one Property Per Week in Contract Using The MLS Buying Machine system with a Return on Repair Costs of greater than 125% up to 150%, with a minimum profit of $40,000 per deal Example 1- A house with an After Repair Value of $340,000 and Repair Costs of $30,000 at a 120% ROIC, will need a projected profit of $36,000, but in this case since the minimum is $40,000 the margin needs to be $40,000. Example 2- A house with an After Repair Value of $600,000 and Repair Costs of $60,000 at a 140% ROIC, will need a projected profit of $84,000. The reason why I now use ROIC is because my risk increases as I take on the bigger projects. Hold times can go up, the market can decline in real dollar terms so I want to be compensated for that risk in my flipping business. 3. Convert Direct to Seller CRM, Buyer Websites, and Buyers List Marketing to ReSimplii