Analyzing Flip Deals

[Bernardo Mejia]

Hello everyone, pleasure to be on this network. I am from Richmond VA trying to find my first flip deal. My question here is what are some metrics to look at and consider before making an offer on a property? Following the LAPS method as I learned it in "How to Invest in Real Estate" by Joshua Dorkin and Brandon Turner.

[Tom Hacku]

@Bernardo Mejia I try to stick as close to the 70% rule as I can, which means your purchase price should be 70% of the ARV minus repairs. That will account for holding costs/loans, realtor fees, closing costs, etc. Knowing how to run those numbers is important, just practice as much as you can. Right now finding a property that fits the 70% rule is difficult, but still possible just gotta stick with it