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23 June 2019 | 0 replies
Below are the details of a deal I am working on.Its a multi unit complex in Austin, TX.I have some buffer build in the maintenance costs however, cash on cash return on this deal currently stands at around ~7%. Do you...
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12 November 2020 | 13 replies
Once you know what your magic number is, you can use the "whatever %" rule to quickly evaluate properties.
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24 June 2019 | 3 replies
@Nathan Asher Robson Online data from Redfin.com and Realtor.com come straight from the MLS and are the accurate purchase (asking) price of the homes.Zillow is NOT a brokerage so it often has inaccurate information.But you can always offer whatever you think the value of the home is, even if it's lower and see if the seller accepts your offer.But don't be "that guy" that only offers lowball offers without doing adequate evaluations!
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24 June 2019 | 3 replies
Use this time to evaluate lots of properties, utilize the BP calculators and learn good buying principles.
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5 July 2021 | 15 replies
I'm trying to learn how to use them in a evaluation technique that i read about.
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3 July 2019 | 8 replies
You will need to evaluate several of their on-market deals and explain to them why they don't meet your criteria, (returns too low, no value add component, building characteristics, neighborhood, etc.)
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24 June 2019 | 2 replies
This isn’t helping me evaluate what the ARV will be?
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24 June 2019 | 2 replies
I don't think this is a cause for me to back out since the lease expires in only 2 months and I can re-evaluate this tenant at that time, but wanted to get some opinions from the BP community.
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26 June 2019 | 5 replies
I am currently looking to house hack a duplex in Waterbury Connecticut. It will need a significant amount of rehab. What are some of the best ways to check the after repair value?
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10 December 2019 | 21 replies
Maybe I'm just doing bad math, these are how I've been evaluating the properties.For the live in flip homes I've been looking at the basic formula I use before I dive in deeper to the details is (ARV*0.7)-Rehab cost= Initial Offer Price.