That exit number is what the max project cost number and the profit are based upon.Use this formula as part of your analysis: (rehab budget + purchase price)/ARV < 72.5%

Developing and reinforcing habits I have found to always be a key driver and formula for success.

While there’s no perfect formula, there are a few methods you can use to get as close as possible:For maintenance and repairs, a good rule of thumb is to budget 1%–2% of the property’s value annually.

So, remember to pop that champagne and celebrate milestones, nurture trust, and provide attractive returns – it's a winning formula in the world of real estate investment.Happy Holidays to all!

It's because they think there is some "secret formula" to success. 

Your formulas are probably off or you aren't looking at the right types of properties so far.

They have a formula that works and provides them the rate of return that makes it worth it so, don't feel like you'll just negotiate them out of their shoes like you're Trump. 

You'll improve over time, but this basic formula remains.1.

It's a "get rich slow" formula. 

Everything is looking good, Just wanted to double check the projected was the correct formula.. still learning.