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Updated over 10 years ago on . Most recent reply

Ashley Swift's profile image
Ashley Swift's profile image
Ashley Swift
  • Real Estate Investor
  • from Arlington, Virginia
  • Member since Aug 31, 2014
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Ashley Swift's profile image
Ashley Swift's profile image
Ashley Swift
  • Real Estate Investor
  • from Arlington, Virginia
  • Member since Aug 31, 2014
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Ashley Swift
  • Real Estate Investor
  • Arlington, VA
15
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36
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Starting Out

What's a good deal?

Ashley Swift
  • Real Estate Investor
  • Arlington, VA
Posted

what is a good deal to an investor? If the home is worth 355k and I purchase it for 300k would 55k be an okay amount to present to my buyers? I would hate to waste their time & the distressed sellers home, contacting them about an offer that no one may want.

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Mike D'Arrigo's profile image
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Mike D'Arrigo
  • Turn key provider
  • from San Jose, California
  • Member since Jul 13, 2010
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Mike D'Arrigo's profile image
Mike D'Arrigo's profile image
Mike D'Arrigo
  • Turn key provider
  • from San Jose, California
  • Member since Jul 13, 2010
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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
Replied

I'd have to disagree with @Ryan Dossey on 65% ARV for a turn key. Most people who are buying turn key's know that they are not getting a lot of built in equity. They are buying for long term cash flow. Flippers that are doing repairs are buying at 65% ARV.

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