Good ARV Percentage To Offer On Flips

[Steven Garza]

I am a brand new investor like very new and i am looking to do my first flip. I am finding out very quickly that there is A LOT of things you have to know if you want to be profitable. A a basic starting out foundation what is a good percentage of ARV that ii should be looking to offer on properties in the Phoenix (Valley) area. Any and all help is greatly appreciated!

[Shanequa J.]

A quick common formula is 70% ARV minus repairs. However, not every rehabberuses this. Some base their offer on a house according to what profit they want to net.

[Jackson Harris]

Exactly I agree with Shanequa, typically 70% minus repairs. 

Some are more flexible and willing to do 75%-ish, but 70% is a good rule of thumb. There are certain areas where it is easier to find than others, let me know if you want to connect about this sometime!

[Katie Smith]

Hey Steven, have you used a fix and flip calculator before? A fix and flip calculator is an essential tool for real estate investors aiming to maximize their profits. It helps accurately estimate the costs of purchasing, renovating, and selling a property, ensuring a clear understanding of potential returns. By using a F&F calculator, you can make informed decisions, minimize financial risks, and efficiently allocate your budget and resources. Additionally, it aids in evaluating the feasibility of projects, allowing you to focus on the most profitable opportunities.