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Updated over 5 years ago on . Most recent reply

User Stats

19
Posts
3
Votes
Jerome Hawkins
  • Attorney
  • Fairfield, CA
3
Votes |
19
Posts

Calculating Max Purchase Price (Bay Area)

Jerome Hawkins
  • Attorney
  • Fairfield, CA
Posted

I'm getting ready to make an offer on a property listed at $299k in American Canyon, CA (Bay Area). The ARV,based on some pretty solid comps, is around $405k plus. Will likely use a hard money lender and a private lender/partner to fund the deal. I'm trying to figure out how to accurately and carefully run my numbers to come up with a good maximum offer. I get that I have to figure out purchase, holding, and selling costs, but I'm wondering how best to determine those numbers with enough confidence for my market area. Any solid guidance/answers appreciated! Thank you!

Most Popular Reply

User Stats

95
Posts
62
Votes
Mike Bolen
  • Investor
  • Napa, CA
62
Votes |
95
Posts
Mike Bolen
  • Investor
  • Napa, CA
Replied

Your most important factor is not discussed. What are you buying for? Rental, Fix & Flip, wholesale?

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