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1 March 2024 | 6 replies
Some additional posts for your series:How you ID potential purchases?
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1 March 2024 | 8 replies
For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker
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1 March 2024 | 19 replies
But turnover potential should be less in a transient area with a strong job market.
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1 March 2024 | 13 replies
My point is look ahead to potential impacts.
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28 February 2024 | 7 replies
If you are having an insurance inspection done, they'll most likely just walk the outside of the property so clean up any obvious things like trip hazards, broken roof shingles/tiles etc.
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1 March 2024 | 19 replies
This tool helps real estate investors focus on their goals when analyzing potential real estate deals.The buy box can consist of standards that are important to the investor.
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1 March 2024 | 2 replies
Potentially developing short term rentals or selling plots of land from this property.
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1 March 2024 | 0 replies
As my real estate investment experience progressed, I couldn't help but notice a thirst for knowledge among potential investors.
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2 March 2024 | 25 replies
Where do you expect to see potential cash flows vanish?
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1 March 2024 | 7 replies
You have to use sales price minus sales expenses to figure out what amount you need to buy.You can potentially factor in your suspended passive losses to determine how much 'boot' you can receive.