$45000 x 70% = $31,500 - Repairs = offer price (typically).  

Richmond, VA is a great choice for real estate investors due to its diverse economy, affordable property prices, and rental demand from universities and young professionals.

Prices skyrocketed right after I bought but the market is slowing there just like here in Colorado.

Nice, thanks for thatDo you mind me asking what the purchase price of the property was?

Now if he paid a good price ok so eat it your still " in the money" Well, he was charge 160k about 50k Overpriced.

Purchase price: $165,000 Sale price: $186,000 Contributors: Peter Vekselman Partner Driven, in collaboration with our partner Himanshu Patel, acquired a property on Hiawatha Way in Garland, TX, for $165,000 on 03/14/2022.

Hey @Nancy Bender, ok so you have a base price on the place.

I love the proximity to downtown and the entry price point. 

The prepared me a quote that is low price (That is nice), but I am not sure if I am covering all the bases.

That means you can spend up to $70,000 on the purchase price and renovations and it would still be considered a good deal, according to the 70% rule.