All Forum Posts by: Arthur V Bernestine III

I was told I forgot to “BCC” my deal I sent to an investor. I have no idea what he is referring to. Any feedback ?

 I hope You read my update 

Would you formulate a higher percentage on lower ARV properties that need a fullGut. I know fullGut cost 60$ per sqft usually.

Say ARV=185,000$ (sqft 1,826)..If I were to do the 70% rule. Than 185 x .7 - 109,560$repairs - whole fee, would simply not make sense for the seller.

I was thinking a better percentage  would be at least 84%-90% minimum. 
185 x .9 - 109.5 - 10k(investor profit) - 10k(wholesale fee) = 37k MAO. I would assign property for 47K. Does this make sense ? I could use feedback.
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185 x .9 - 109.5 - 10k - 10k =
37k. Not sure if I’m analyzing right. & is there even a need to add investors profit in my equation ? 

Which formula is better ? When should you use either or ? I’m confused on which formula is the correct one to use when wholesaling deals to buyers. From my understanding 70% rule leans more towards cash buyers ??

 Interesting. That helps me out a ton believe it or not. 

Excellent feedback !. I appreciate the response. 

 Absolutely! Appreciate the response.

Are we still sticking to the 70% rule when analyzing deals ? Or are we using a different formula ?. I’m also in the PNW,  so I’m not to informed on the best method to use in this part of the market. 

Thoughts/Opinions on using USDA Loan to flip/sale home. Good place to began as a flipper ? I understand you must wait 90 days, but I’m still not to fond on if this is even a possible route to take as a entry level fix/flipper.