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Updated almost 10 years ago on . Most recent reply
Houston Based Investors Connect Here. (How To) Flipping.
I was hoping to have a general discussion for Houston based REI to potentially learn from each other.
Any Q&A to start off the discussion?
Ill start
1st Question...
What is the whole formula related to ARVx0.70-Repair Costs=...
Most Popular Reply
Simple answer
$100,000 ARV (average resale value)
x .70 (70%)
----------------------
$70,000
- $20,000 (cost of repairs)
----------------------
$50,000 (the offer) unless assigning contract
$5,000 (assignment fee is you are assigning contract)
-----------------------
$45,000 (the wholesale offer)