Good Offer Price: Without knowing the current bleeding amount, it’s tough to give a precise number, but generally, aim for 70-80% of the after-repair value (ARV) minus the cost of repairs.

Also, consider factoring in a conservative appreciation rate and double-checking your repair estimates.Hope this helps!

In my case, it was obvious the appraiser took into account none of the repairs we did and just appraised them all at our purchase prices so the bank was happy to wave them.

You also want to subtract the repairs from the already discounted price. 

So at a  minimum you need to be firm that the rent is enough to cover your expenses (including insurance, PM fee, capital reserves for repairs)I'd go on Facebook Marketplace and on any Facebook Groups you find for KSU Housing and post it there (at a rent rate this is actually covering your expenses) and see if you get response. 

You can always put in sweat equity to do repairs / renovations but you still have to pay for supplies and other associated bills.4.

My property manager is declining to provide a receipt of the repair that he/she conducted.

Hey everyone,I’ve been working in real estate for a little bit now, and like many of you, I’ve found that two big challenges keep coming up:Finding distressed or off-market properties before they get picked up by others.The time-consuming process of property analysis—especially when trying to figure out ROI, ARV, or repair costs quickly.I’m curious how you all are dealing with these issues.

What plan does the buyer have in place for set backs such as real estate market down turn, major repairs etc.

There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.According to the California Association of Realtors, starting July 1, 2024 most 1-4 unit properties that are resold within 18 months (aka flips) must disclose:- repairs, renovations, room additions and structural modifications that were performed by a contractor with whom the seller entered into a contract- the name and any contact info for the contractor for any work over $500- any permits obtainedSo you still can be an HGTV star, just make sure you do it by the book. :)Have any of you flipping in the Los Angeles area been affected by these new disclosures?