I am a very honest person, almost to a fault sometimes.I basically do my negotiation, by reviewing the facts of the property with the seller, let them tell me some things about the property, their situation, why they are selling etc... but when it comes time to closing the deal, I have no idea what to say to justify my offer without spelling out how I arrived at the numbers (such as I put in offer of 70%-repairs-profit).

When I started I just factored backwards to what I would make on the deal and decided whether that was enough money or not.I know a lot of new investors brush over the 70% of ARV minus repairs formula, but it really is where you need to be.

purchase for 195k ...conventional 2 yr arm at 10%.... 20k in repairs....ARV is 260k ...I am a residential contractor so I will be doing the work.....appraised at 250 now....probably 280 to 300 after repairs depending on my detail input.

They want to know that the owners have repaired, cleaned, and updated everything they could to make the home more appealing.

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.