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Updated over 10 years ago on . Most recent reply

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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
1,770
Votes |
3,042
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A Bad Deal at 44% ARV...

Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Posted

ARV $140,000

Purchase price $62,000

25% Down $13,050

Entrance Costs (lender fees and such) $2,500

Rehab $35,000

Holding $3,000

Exit $11,200

Mortgage Payoff $46,500

Desired Profit $25,000

Max Offer $1,300...

  • Brandon Sturgill
  • 614-379-2017
business profile image
Realize Property Management Group
3.4 stars
15 Reviews

Most Popular Reply

User Stats

557
Posts
374
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Dana Whicker
  • Investor
  • Fernandina Beach, FL
374
Votes |
557
Posts
Dana Whicker
  • Investor
  • Fernandina Beach, FL
Replied

Brandon, If Joe's summary is accurate, I would snap that deal up before it's gone.

What does "Max Offer $1300..." mean?  Is that market rent or something else.

  • Dana Whicker
  • Loading replies...