Ep 16: How a Basement Mix-Up Rewrote One Iowa Flip's Numbers
One missing basement moved a deal's value by twenty thousand dollars, and the borrower never saw it coming.
The after repair value is the one number every other decision on a flip comes from. Your max offer comes from it. Your rehab budget gets sized around it. Even what a lender can fund comes from it. Get that number wrong, and everything built on top of it is wrong too.
Most bad after repair value numbers aren't lies. They're guesses dressed up as math, usually built on comps that only look similar on paper: a slab house comped against basement houses, an active listing mistaken for what a…
The skinny
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