70% Rule Central Mass

[Shane Burlingame]

Hello, I've been analyzing a good amount of properties in Worcester County to flip. I use the BP calculators to determine my purchase price, ARV, profit and rehab. I subcategorize each repair item for accuracy. I am a licensed GC, so I feel strongly about the validity of my numbers.

It seems to me that each time I run my analysis, the maximum allowable offer is often about half of the list price. Are other investors finding the same thing with their numbers? Do I adjust my expectations or wait patiently?