All Forum Posts by: Account Closed

@Dakin Cranwell

@Dakin Cranwell would you recommend buying single family or is there more money to be made in multi-family in Chattanooga?

Thanks @Joe Homs, really appreciate it. So you're saying for example 80% of ARV only, your not reducing the repair cost in your final numbers to offer the seller, right? (80% of ARV - repair cost?)

@Joe Homs Thanks for your reply. Are you saying the lowest I can hope for is 80% of ARV and not reducing from that the repair value whether im wholesaling or flipping the property? What are some of the things You recommend I focus on to ensure I'm maximizing margins to make sure I'm doing what I need to well? Thanks

Hello BiggerPockets Family! I'm a new investor in the SoCal area and have a quick question. When looking to find properties to flip/wholesale, is 70% of ARV (minus repairs) the right percentage I should be targeting, or should I be targeting a higher percentage given how competitive the buyers market is around here? Ive invested in Chicago using 70% of ARV figure which was quite accurate, but SoCal is a different beast. Thanks!