Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

142
Posts
44
Votes
Jamie Wooley
  • Investor
  • Dallas, TX
44
Votes |
142
Posts

Possible Flip...Help Analyzing!

Jamie Wooley
  • Investor
  • Dallas, TX
Posted

Hey BP,

I am interested in a property in Fort Worth.  I like the numbers and the area.  

Here are the basic numbers please tell me your opinions.

$245,000 Purchase Price

$115,000 Rehab & Addition of 600 sq ft

$468,000 ARV

Taxes $7,137

The addition would make it a 4 bed, 2 bath and 4 car garage.

  • Jamie Wooley
  • Most Popular Reply

    User Stats

    9,365
    Posts
    6,551
    Votes
    John Thedford#5 Wholesaling Contributor
    • Real Estate Broker
    • Naples, FL
    6,551
    Votes |
    9,365
    Posts
    John Thedford#5 Wholesaling Contributor
    • Real Estate Broker
    • Naples, FL
    Replied

    Hello @Jamie Wooley. You need to provide a lot more info for us to know the quality of the investment. Are you going to flip it or hold for a rental. Taxes, insurance, maintenance, CapEx, financing, etc all figure into the equation. If you don't have Galinelli's book get it for your library (what every investor needs to know about cash flow). If a flip, estimated holding costs, costs of sale, etc. If a rental, the items I mentioned above are needed to calculate your returns. Are you sure of the numbers provided? Got good research?

    Loading replies...