All Forum Posts by: Shayan Sameer

Downloaded the app.  thx 

Just starting out.  It’s been 2-3 months using the software and I think it’s accurate but would love to know what others are using.  

Just messaged you… 

What tool everyone uses to get the ARV for a flipnfix ? I've been using Zillow and rehab evaluator $49/month. It helps but looking to see what others are doing. Thx

I looked around the comps within a half a mile distance. Couple houses same square feet were sold around 925 to 950 K range without a pool. I’m just concerned about the multifamily duplexes right across $1 million house. Not sure if this will impact my Value. 

I found a 3/3 fix-and-flip property in Miami. The house is in good condition, and the rehab cost will probably be around 40-50k. It has a pool and a nice backyard. The selling price is $700k, and the ARV is around $930k. Right now, it's an ABNB property.

My biggest concern is that some of the houses right across are multi-family duplexes. I don't know if that will bring the price down, and I would have a hard time selling. Thoughts?  

Hello Team,

I'm new to this group and hope to get the professionals' advice. I did a couple of fixes/flips last year and am now looking to do another this year. Most investors follow the 70% rule of thumb (ARV x 70% - Rehab cost = offer price). I've been trying to use this formula but lost some excellent deals. I know other investors bought the property and sold it after a rehab and still made money. I wanted to know what other investors want as a profit on each flix/flip.

I found another property that my wholesaler sent me today. I've included the details below. I'm not sure how much I should offer for this property. 

Asking price: $399k

Rehab: $65k

ARV: 570k

The roof was replaced in 2024, the water heater in 2019, HVAC in 2019.

The house looks to be in good condition..., but will need some cosmetic repairs. 

I'll be working with a hard money lender.  

Appreciate all the advice.