What's the formula to accurately and quickly make a maximum allowable offer on a property that you're trying to wholesale and does that formula change when the property is a house that needs to be tore down and rebuilt?

Hello all, quick question...

It seems that the standard for purchasing investment houses for rehab is to use the rule 65% of ARV, minus repair costs.

Using this formula, about what percent profit is built into the d...

Just wanted to see what others are seeing for insurance rates?   I have a 13 unit under contract for just under $1M and my agent is quoting me $4700/yr with $2500 deductible.  Property is in Upstate NY

What does it mean?How to calculate it?

Has anyone else noticed a discrepancy in the 'Profit if Sold' portion of the rental calculator depending on if you decide to rehab the house vs not?I know the Profit if Sold formula to be:Profit if Sold = ARV in curre...

Any help on formula or what to do to obtain comps of land?  Thanks in advance

Hello,

I've been hanging around the Rehabbing forum a lot lately, but for me, I will most likely be involved in a single family detached house development. I will be looking out for an older house on a good sized lo...

I’m curious to find out what your buying formula is to find your MAO (Maximum Allowable Offer) For fix and flips? I’ve invested in Columbus, Ohio and I used the 70% rule. I’ve heard in Phoenix for example it’s 82% (of...

Okay, let me start by saying I know the ideal thing to do would be to walk a property with a contractor or three and look for everything that needs to be repaired and get multiple bids. But when that is not an option,...

Will - you concluded not to purchase a property discussed at Rosy's club last Thursday. The subject property was in Los Angeles, a wholesale purchase (duplex) for $185K, $90K to fix it, ARV was estimated to be $375K ...