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All Forum Posts by: Al Sousa

Al Sousa has started 2 posts and replied 16 times.

Rehabbing & House Flipping

Post: 94% formula

Al SousaPosted
  • Rehabber
  • Hudson, MA
  • Posts 16
  • Votes 0

J Scott thank you for the site
Question on the fix costs are you accounting for Interest and points?
when you say fix costs can you give me a little more details on in, besides the ones in the site
TY

0 Votes
Rehabbing & House Flipping

Post: 94% formula

Al SousaPosted
  • Rehabber
  • Hudson, MA
  • Posts 16
  • Votes 0

I am 40 Miles west of Boston
The market here is going wild where properties are selling for 100% to 105% of asking price.

0 Votes
Rehabbing & House Flipping

Post: 94% formula

Al SousaPosted
  • Rehabber
  • Hudson, MA
  • Posts 16
  • Votes 0

Has anyone used this formula before and how does it work?
Have problem with having offers being except with the tradition rehab formula of 65 70 % of ARV.
Any other ideas welcome
Thank you

0 Votes
Rehabbing & House Flipping

Post: Trouble in getting offers accepted

Al SousaPosted
  • Rehabber
  • Hudson, MA
  • Posts 16
  • Votes 0

Thank you
Will try that and been looking also a Sell Buy Owners.

0 Votes
Rehabbing & House Flipping

Post: Trouble in getting offers accepted

Al SousaPosted
  • Rehabber
  • Hudson, MA
  • Posts 16
  • Votes 0

I live in metro west of Boston , I am running in a wall of making a lot of offers and no contracts.
I am using the 65% rule in most of the times my offer is $20k different from asking price.
The agents I have been in contact tell me the properties are selling for about 90 to 95% of asking price,so that been I am looking for ideas how to make different offers, to make a profit.
HELP

0 Votes