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Updated about 7 years ago,
Help with Analyzing this deal.
Good evening BP, I have a potential deal that I need to act on fast but I want to make sure the numbers work.
It’s a foreclosed property.
Asking $99,000
ARV 170k-190k
Materials and labor look to be around 15k. Also going to take a look at the property tomorrow.
Using the 70% rule ALL IN we are at $129,500 and subtract the renovation cost we are sitting at $114,500. Now with all the other taxes that come with purchasing, holding cost and paying commissions what should I be accounting for? Any and all help to get me closer to getting this property the better. It already has multiple offers so I’m trying to work fast.
Thank you so much!!