Flipping Workshop: Understanding the Numbers

A workshop-style deep dive into running the numbers on a flip, so you know a deal really works before you buy it.
About this Event

Let’s be honest. A property can look like a great investment right up until the actual numbers show up and ruin the fantasy.

This hands-on workshop takes a deeper dive into the most important part of real estate investing: figuring out whether a deal will actually make money before you buy it.

We’ll run real numbers for three investment strategies:

• Fix-and-flips
• Short-term rentals (STRs)
• Long-term rentals (LTRs)

We’ll walk through real examples together so you can stop relying on optimistic estimates, generic online calculators, or the highly scientific strategy of “it feels like a good deal.”

What You’ll Learn
1. Determining a Realistic ARV

• Pulling and adjusting comparable sales correctly
• Recognizing common ARV mistakes that inflate projected profit
• Avoiding the temptation to choose the comp that tells you what you want to hear

2. Building an Accurate Budget

• Creating a line-item renovation budget instead of guessing
• Estimating furnishing and startup costs for short-term rentals
• Identifying the areas where investors consistently underestimate expenses

3. Finding Realistic Rental Projections

• Estimating long-term rental income and vacancy
• Researching short-term rental rates, occupancy, and seasonal demand
• Understanding why gross revenue is not the same thing as profit. Annoying, but important.

4. Accounting for the Costs Everyone Forgets

• Financing and carrying costs
• Buying and selling closing costs
• Property management
• Utilities, maintenance, repairs, and vacancies
• STR cleaning, supplies, platform fees, and ongoing operating expenses

5. Calculating Your Actual Return

• Projecting flip profit and true cost margin
• Calculating rental cash flow and operating expenses
• Understanding basic returns and how much money the property will actually produce
• Building in a contingency buffer for the surprise every property will inevitably provide

6. Setting Your Maximum Purchase Price

• Working backward from your required profit or return
• Comparing whether a property works better as a flip, STR, or LTR
• Recognizing when an exciting opportunity should still be a hard no

Who This Is For

• First-time investors preparing to analyze their first property
• Anyone who attended our previous flipping class and wants to go deeper into the numbers
• Current investors who want a more repeatable analysis process
• Agents who want to better understand and communicate with investor clients
• Anyone tired of making investment decisions based on vibes and suspiciously cheerful spreadsheets

What to Expect

• A workshop-style format, not a panel or lecture
• Real flip, STR, and LTR examples analyzed live
• Guidance on where to find the information needed to make realistic projections
• A repeatable framework you can use to evaluate future properties
• Time to bring your own deals, numbers, and questions

You’ll leave with a clearer understanding of how to evaluate potential profit, compare investment strategies, and decide whether a property is actually a good opportunity before your money is already committed.

Hosted by Summit Wealth Strategies