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Updated almost 8 years ago on . Most recent reply

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Chris Comer
  • Houston, TX
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Realistic flipping numbers

Chris Comer
  • Houston, TX
Posted

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
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@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.

  • Andrew Postell
  • Loading replies...