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Updated almost 8 years ago on . Most recent reply
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Realistic flipping numbers
Hey everybody. New here and new to flipping. I was wondering if anyone is brave enough to post a few numbers for us? I've been browsing several deal sites, networking with wholesalers, Craigslist. I'd love to get a true sense of what a flipping deal looks like.
This format work? And feel free to describe the repairs, issues or anything else.
Asking price:
Repairs:
Listing price/Actual selling price:
Days on the market:
Thanks!
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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@Chris Comer the basic formula that most investors use is purchase price + repairs = 70% of the ARV of the property. Some will vary to 75% or so but that's the basic numbers in it's simplest form. Hope this helps.