All Forum Posts by: Timur Medaric

Congrats Andy!

Hey Paul,

Well it isn't necessarily a minimum profit criteria. I would personally prefer a $15,000 profit over a $20,000 profit if the $15,000 is a cosmetic rehab with low DOM. And to be honest with you, with many investors that I have dealt with, they will pick up deals where ever they can get them and DOM is more of an indication of risk and investment "worthiness" than the potential $5,000 difference in profit.

With regard to the 73%, you can plug in the numbers and arrive at 73% but my criteria for investment lies much deeper than a percentage point difference in profit. Which brings me back to my point...I can't understand why an investor would completely pass up a deal because it doesn't meet a $15,000 profit criteria. That logic would lead you to believe that a $14,500 profit isn't worth it. A little ignorant if you ask me. But that's just my 2 cents

Yea i figured so. I've never even dealt with something above 80% unless it was the greatest cash flowing deal of all time.

Thanks for the response Jon. I have numerous deals that I am working with and many of them are ending up in the 73%-74% range. I feel like they are still deals, especially for all CASH buyers, but sometimes I feel like Investors are sticking to their guns on the 70% idea and potentially "burning" themselves in the big picture, on the deals they pass up on.

Investors seem to throw out the 70% rule as a standard in purchasing investment properties. I understand that it varies by markets, but as markets continue to get more saturated and more competitive, is it fair to say that the 70% rule might be an outdated, over-generalized benchmark? Especially considering the dynamic and organic nature of these types of markets...

Sounds very sketchy my friend. I would stay away. Although I get the feeling that you already understand that. Happy Investing!

Hey Nanette,

Glad to hear you joined the community. Read up on as much as you can and ask as many questions as possible. You'll be surprised by both the quality/quantity of the answers that you receive...

I'm trying to get an idea of what Roof's cost to Replace/Repair? I figured as many answers as possible would help put it in perspective. What is a good "Rule of Thumb" to go by in pricing roofs? Assuming that the roof is fairly standard with no intense angles. Also, I am in Dallas/Fort Worth if that is of any help with regard to pricing variances?

I'm trying to get an idea of what Roof's cost to Replace/Repair? I figured as many answers as possible would help put it in perspective. What is a good "Rule of Thumb" to go by in pricing roofs? Assuming that the roof is fairly standard with no intense angles. Also, I am in Dallas/Fort Worth if that is of any help with regard to pricing variances?

personal opinion--the tacky factor outweighs the potential lead.