If your comps and repairs are accurate, I would say that its a good deal.

I have been doing foreclosure repairs for an investment company for the past 3 years.

It's nice because you can see what the numbers look like using different assumptions about repairs, maint., vacancy, etc.

Just figure 70% of FMV after repairs.

Great blog,It looks like you have a good plan and you know what your doing.Great idea creating a blog for the project and repair. 8) Welcome to the Forum.Les

Repairs Needed: $100,000APV: $610 - 620,000Est.

Now I only contact the listing agent, and every time I hear "oh I work with investors all the time let me send you some listings" I tell them thats great and also included a list of repairs needed on the property and an ARV. long story short I never hear back from them.

Cheap to replace and makes a world of differenceExterior repairs.

Can someone please explain the 70% of ARV minus repairs formula?

Hey Kenneth I would like to network with you, I'm a real estate investor myself but I also do mortgages and have a service where I repair and help build credit scores.