Company History
At FlipSpring, we believe that when it comes to finding a new investment, what’s inside the front door is just as important as what’s around it.
That’s why we go beyond the typical listings, by sourcing insights from dozens of sources and offering our proprietary FlipScore algorithm; to give people a deeper understanding of the resell value of a property could really be.
We’re committed to helping you discover the hidden gems in neighbourhoods around Canada, so we can boost communities and rebuild better. Join us on the journey and we hope you get lucky!
Our Leadership
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How the FlipScore Works
So, how does FlipScore work its magic? It’s simple. We’ve harnessed the power of data and market insights to create a comprehensive assessment that rates properties on a scale of 1 to 100. Here’s the scoop:
1. Property Magic: FlipScore takes a close look at the property’s current condition. Is it a diamond in the rough that just needs a bit of polishing? You’ll see higher scores for properties with excellent potential.
2. Location, Location, Location: We analyze the property’s surroundings, from schools to parks to that hip coffee shop around the corner. The better the location, the higher the FlipScore.
3. Trend Spotting: Our algorithm keeps an eye on market trends, ensuring you’re investing in a property with upward potential. No crystal ball required.
4. Renovation Revelation: Got an eye for renovation? FlipScore evaluates the possibilities for smart improvements that can skyrocket the property’s value.
5. Beat the Competition: Less competition means more opportunities. FlipScore highlights properties where your flipping skills can truly shine.
6. Counting Coins: Wondering about the bottom line? FlipScore crunches the numbers, projecting your potential return on investment, so you can make informed decisions.
Join FlipSpring and flip your way to real estate success with FlipScore. It’s more than a score – it’s your key to unlocking property flipping potential. Start flipping, start winning!
The FlipScore algorithm employs a multi-factor analysis to quantify the flippability of a given property, yielding a numerical score on a scale from 1 to 100. This score is derived from a weighted combination of key metrics, each representing a crucial aspect of the property’s potential for successful flipping:
1. A quantitative assessment of the property’s physical state, incorporating variables that are represented as:
PC = f(A, SI, ML)
2. Geographical attributes are factored in, considering distance to important items and is calculated as:
LA = g(DA, PS, T, LA)
3. Utilizing historical sales data (HSD), price appreciation (PA), and market forecasts (MF), market trends are evaluated, leading to:
MT = h(HSD, PA, MF)
4. Feasibility (F) and cost-effectiveness (CE) of potential renovations are combined to determine the property’s renovation potential:
RP = F × CE
5. A measure of competition density (CD) in the local market landscape is considered:
CA = 1 / (1 + CD)
6. Employing financial modeling, projected return on investment (ROI) is computed based on a number of factors:
ROI = (PRV – (PPP + ERC)) / (PPP + ERC)
Finally, the FlipScore (FS) is calculated as the weighted sum of these components and then fine-tuned to reflect the relative importance of each factor. The resulting FlipScore provides investors with an objective metric to guide their decision-making process in identifying potentially lucrative properties.
