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Updated over 7 years ago on . Most recent reply

User Stats

34
Posts
20
Votes
Jacob Smith
  • Katy, TX
20
Votes |
34
Posts

What do you think of this Deal? (Memorial area flip)

Jacob Smith
  • Katy, TX
Posted

Hello all,

We're in negotiations with an owner of a home Memorial, here are the numbers 

Asking 360
Repairs 100
ARV 560

The numbers are tight (82% all in) but it may be worth it to someone who knows the area. Thought?

Most Popular Reply

User Stats

15
Posts
4
Votes
Jennifer Harding
  • Investor
  • Maryland
4
Votes |
15
Posts
Jennifer Harding
  • Investor
  • Maryland
Replied

In addition to what Paul and Hadar said...make sure you're ARV is based on true sold comps within the last 3-6 months and not what someone else is telling you. Trust but verify.

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