A cheap house can become an expensive project.
Put house flipping rehab costs, contractor checkpoints and your exit plan on paper before you buy. Use my room-by-room scope templates and class lessons to work through the decisions instead of starting from scratch.
Explore the matching classPrice the project, not just the house
The asking price is one line. Repairs, holding costs and selling costs belong beside it before you decide what to offer.
My Breaking Down Numbers and Walking Properties lessons connect the math to the house's condition. For a quick first look, the free FIRE AI: Starter Analyzer kit covers value, repair estimates and a maximum allowable offer.
Get the free analyzer kitYour house flipping rehab costs, room by room
"Needs updating" isn't a scope of work. Name the work in each room, then separate roofing, windows, electrical, plumbing and HVAC from finishes.
My class walks through room-by-room scope templates and trade-specific lessons. Start with those, rather than a blank page and a best guess.
Read the guides on the blogThe paint is dry. The bills aren't done.
Plan through the sale, not just the renovation. Map the work, contractor availability, permits, inspections and sale process before you buy. Then calculate what a delay does to holding costs.
Start with my project-management and systems lessons to organize the work.
Read the guides on the blogKnow what you're agreeing to
Use my seven-question contractor vetting script to make the hiring conversation specific. Then work through the scope templates and change orders covered in the class.
Define the work before hiring. Document changes before approving them. Compare completed work with the written scope at each checkpoint.
"I thought that was included" is a conversation worth heading off.
Work through the what-ifs before they become decisions
A lower sale price. A longer hold. A buyer's repair request. Put each beside your planned sale and compare the numbers.
My lessons on realtors and pictures, repair requests, and refinancing cover the decisions beyond the rehab. Considering keeping the house? Evaluate the financing as its own decision.
Learn how to flip a house, decision by decision
I'm Rich Rice. In How to Flip Houses, I teach the numbers, property walks, scope of work, contractor hiring and decisions through the sale or refinance.
Start with the lesson that matches your next question. Keep the class slide deck beside you as you work through it.
Explore the matching class for the full lesson list, or browse the learning hub for related topics.
Explore the matching classInstructor: Rich Rice. Catch profit leaks before they own your first flip.
Drop in an address for a quick first look: recent nearby sales, an after repair value (ARV) range, repair estimates and a maximum allowable offer.
Articles on finding, funding, analyzing and fixing deals, written for investors who want to check the numbers before they commit.
Eight topics, each paired with a class and a tool. Pick the next question you need answered.
Put the purchase price, repair scope, holding costs and selling costs together. Breaking Down Numbers and Walking Properties connect that analysis to the condition of the house.
Yes, lessons cover roofing, windows, decks, siding, electrical, septic, plumbing and HVAC, as well as interior finishes.
Yes, Hiring Contractors covers a seven-question vetting script and change orders. The course materials also include room-by-room scope-of-work templates.
I do, Rich Rice. I teach the numbers and property walkthrough through project management, repairs, sale preparation and refinancing.
Start with the next decision
Open the matching class and work through your next question with my lessons, scope templates and slide deck in front of you.
Explore the matching classYour first Wednesday is free
Visit the FIRE Center in Riverside or join Deal Room and FOCUS on Zoom.