If you are flipping properties at 70% of ARV minus repairs in a strong market then as it slows other investors will need more margin.

let's say you take a look at it and i'll assume that you actually know the costs of general repairs etc.

If you are looking to start out with rehabs, then I would recommend starting out with something that needs minimal work.Depending on your market, I would recommend purchasing the house at 70% of After Repaired Value minus repairs.

If your looking at a property, how would you estimate repairs ?

CASH/FINANCING3. local real estate attorney who can do your closings4. title company5. inspector6. contractor (if you won't be doing repairs)7. information - from local businesses, chamber of commerce, local developer who knows the area8. a realtor who can possibly hook u up with looking at other properties in the area9. plane tickets to go view 30 - 50 properties over a few days.10.

All of that money is going toward repairs and improvements on those homes.

I would also recommend that you get more than one contractors estimate on the repairs.

Buying properties for a low enough discount would be one of the main things you would learn after doing a rehab or two on your own.In a normal market, a good formula for a rehab is taking 70% of After Repaired Value (ARV) and then subtracting repairs from that number.For example if the property will sell for $100,000 all fixed up, and it needs $15,000 in repairs, then you would take 70% of $100,000, which is $70,000, and then subtract the $15,000 from that.

They are asking for 123,000.00 and the value of the property repaired is at least 240,000.00.

For taxes, insurance, repairs, etc....NO IDEA Can anybody give me a general guideline to follow?